Westfield Capital Management Co. LP Has $68.30 Million Holdings in MongoDB, Inc. $MDB

Westfield Capital Management Co. LP decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 55.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 325,233 shares of the company’s stock after selling 408,554 shares during the period. Westfield Capital Management Co. LP’s holdings in MongoDB were worth $68,296,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Montag A & Associates Inc. increased its stake in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares during the period. True Wealth Design LLC boosted its holdings in MongoDB by 1,193.8% in the second quarter. True Wealth Design LLC now owns 207 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares during the last quarter. State of Wyoming acquired a new stake in MongoDB during the 1st quarter valued at approximately $62,000. Brooklyn Investment Group increased its position in MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after purchasing an additional 290 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of MongoDB by 33.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 492 shares of the company’s stock worth $103,000 after purchasing an additional 123 shares during the period. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm’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 sale, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. The trade was a 38.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 124,492 shares of company stock worth $39,833,319 in the last ninety days. 3.10% of the stock is owned by insiders.

MongoDB Stock Performance

MDB opened at $348.80 on Thursday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $385.44. The firm has a 50-day moving average of $333.02 and a 200 day moving average of $260.17. The firm has a market cap of $28.38 billion, a P/E ratio of -356.60 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) EPS 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 the consensus estimate of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MDB shares. Monness Crespi & Hardt upped their target price on MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. DA Davidson boosted their price target on shares of MongoDB from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald upped their price objective on shares of MongoDB from $312.00 to $406.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. The Goldman Sachs Group lifted their price target on MongoDB from $325.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Finally, Stifel Nicolaus set a $375.00 price target on MongoDB in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $354.97.

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.