True Wealth Design LLC Has $43,000 Stock Holdings in MongoDB, Inc. $MDB

True Wealth Design LLC boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 1,193.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 207 shares of the company’s stock after buying an additional 191 shares during the period. True Wealth Design LLC’s holdings in MongoDB were worth $43,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MDB. Vanguard Group Inc. lifted its position in shares of MongoDB by 6.6% in the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after purchasing an additional 481,023 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after buying an additional 129,451 shares in the last quarter. Amundi boosted its stake in shares of MongoDB by 53.0% during the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock valued at $173,378,000 after buying an additional 367,717 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of MongoDB during the 1st quarter valued at $161,543,000. Finally, Primecap Management Co. CA increased its stake in shares of MongoDB by 863.5% in the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after acquiring an additional 780,200 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Up 1.5%

Shares of NASDAQ:MDB opened at $361.04 on Friday. The company has a market cap of $29.37 billion, a price-to-earnings ratio of -368.41 and a beta of 1.52. The business has a 50 day moving average price of $328.09 and a 200 day moving average price of $250.00. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $385.44.

MongoDB (NASDAQ:MDB) last issued 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). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Ratings Changes

MDB has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on MongoDB from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday. Guggenheim increased their target price on shares of MongoDB from $310.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Cantor Fitzgerald upped their price target on MongoDB from $312.00 to $406.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Stephens began coverage on MongoDB in a report on Friday, July 18th. They set an “equal weight” rating and a $247.00 price objective on the stock. Finally, Scotiabank boosted their target price on MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $354.97.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $345.00, for a total value of $1,380,000.00. Following the completion of the sale, the director owned 1,065,316 shares in the company, valued at approximately $367,534,020. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the transaction, the director owned 24,308 shares in the company, valued at $7,971,322.44. This represents a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 108,492 shares of company stock valued at $34,213,359 in the last quarter. Company insiders own 3.10% of the company’s stock.

About MongoDB

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.