Next Capital Management LLC Invests $902,000 in MongoDB, Inc. $MDB

Next Capital Management LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,297 shares of the company’s stock, valued at approximately $902,000.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of MongoDB by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 695,624 shares of the company’s stock valued at $146,074,000 after buying an additional 30,246 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in shares of MongoDB in the 2nd quarter worth $1,140,000. Intellectus Partners LLC grew its holdings in shares of MongoDB by 5.2% in the second quarter. Intellectus Partners LLC now owns 4,190 shares of the company’s stock valued at $880,000 after purchasing an additional 208 shares during the period. Eleva Capital SAS purchased a new position in MongoDB during the second quarter worth about $815,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of MongoDB in the 2nd quarter valued at approximately $353,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Stephens assumed coverage on shares of MongoDB in a research report on Friday, July 18th. They set an “equal weight” rating and a $247.00 price target on the stock. Cantor Fitzgerald boosted their target price on MongoDB from $312.00 to $406.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Monness Crespi & Hardt raised their price target on MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Oppenheimer boosted their price objective on MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Finally, Piper Sandler raised their target price on MongoDB from $345.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $343.40.

Insider Activity

In other news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the sale, the chief accounting officer owned 11,598 shares in the company, valued at approximately $3,783,847.50. The trade was a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles M. Hazard, Jr. sold 166 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total value of $51,460.00. Following the completion of the sale, the director directly owned 14,493 shares of the company’s stock, valued at $4,492,830. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 107,493 shares of company stock worth $33,830,023 over the last three months. Company insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

MDB opened at $369.05 on Tuesday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $385.44. The company has a market cap of $30.03 billion, a P/E ratio of -376.58 and a beta of 1.52. The business’s 50-day simple moving average is $322.51 and its 200-day simple moving average is $245.00.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.04). The company had revenue of $591.40 million during the quarter, compared to analysts’ expectations 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 quarter in the prior 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. As a group, analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.