Calamos Advisors LLC Takes $9.75 Million Position in MongoDB, Inc. $MDB

Calamos Advisors LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the second quarter, Holdings Channel reports. The fund acquired 46,451 shares of the company’s stock, valued at approximately $9,754,000.

Other institutional investors have also made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey increased its stake in MongoDB by 14.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,987 shares of the company’s stock valued at $2,517,000 after acquiring an additional 1,483 shares during the period. Geode Capital Management LLC grew its stake in shares of MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock valued at $292,597,000 after purchasing an additional 68,611 shares during the period. Forsta AP Fonden grew its stake in shares of MongoDB by 10.5% in the 2nd quarter. Forsta AP Fonden now owns 16,800 shares of the company’s stock valued at $3,528,000 after purchasing an additional 1,600 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of MongoDB by 3.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 57,497 shares of the company’s stock worth $12,074,000 after buying an additional 1,662 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of MongoDB by 30.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,419 shares of the company’s stock worth $718,000 after buying an additional 800 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Down 3.9%

MDB opened at $351.14 on Friday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $385.44. The stock has a market capitalization of $28.57 billion, a PE ratio of -358.31 and a beta of 1.52. The firm has a 50-day moving average price of $331.95 and a two-hundred day moving average price of $254.88.

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

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 33,320 shares of MongoDB stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the sale, the chief executive officer owned 203,237 shares of the company’s stock, valued at approximately $61,233,275.73. The trade was a 14.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the sale, the director owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. The trade was a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 108,492 shares of company stock worth $34,213,359. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MDB. Weiss Ratings reiterated a “sell (e+)” rating on shares of MongoDB in a research report on Wednesday, October 8th. Sanford C. Bernstein boosted their target price on shares of MongoDB from $319.00 to $338.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. BMO Capital Markets increased their target price on shares of MongoDB from $365.00 to $415.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Bank of America lifted their price target on shares of MongoDB from $345.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Oppenheimer upped their price objective on shares of MongoDB from $325.00 to $385.00 and gave the stock an “outperform” rating in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $354.97.

MongoDB 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.