Bank of New York Mellon Corp Increases Stake in MongoDB, Inc. $MDB

Bank of New York Mellon Corp grew its position in MongoDB, Inc. (NASDAQ:MDB) by 4.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 695,624 shares of the company’s stock after purchasing an additional 30,246 shares during the quarter. Bank of New York Mellon Corp’s holdings in MongoDB were worth $146,074,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in MongoDB by 20.0% in the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after purchasing an additional 249 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after buying an additional 362,705 shares during the period. Red Spruce Capital LLC boosted its stake in shares of MongoDB by 11.8% in the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after buying an additional 1,426 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of MongoDB by 875.2% in the first quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after acquiring an additional 8,927 shares during the period. Finally, Triton Financial Group Inc bought a new stake in shares of MongoDB in the second quarter worth $782,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Stephens started coverage on MongoDB in a research report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 target price on the stock. DA Davidson increased their price objective on shares of MongoDB from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird boosted their target price on shares of MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Monness Crespi & Hardt increased their price target on shares of MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Finally, Wells Fargo & Company began coverage on shares of MongoDB in a research note on Tuesday, September 30th. They set an “overweight” rating and a $430.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $354.97.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $355.83 on Friday. The company has a market capitalization of $28.95 billion, a P/E ratio of -363.09 and a beta of 1.52. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $385.44. The firm’s 50 day simple moving average is $327.18 and its two-hundred day simple moving average is $247.87.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The firm had revenue of $591.40 million during the quarter, compared to analysts’ expectations of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $345.00, for a total value of $1,380,000.00. Following the transaction, the director directly owned 1,065,316 shares in the company, valued at $367,534,020. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director directly owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 108,492 shares of company stock valued at $34,213,359 in the last ninety days. Insiders own 3.10% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.