MongoDB, Inc. $MDB Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 40.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the company’s stock after selling 9,997 shares during the quarter. SG Americas Securities LLC’s holdings in MongoDB were worth $3,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its position in MongoDB by 8.7% during the first quarter. CWM LLC now owns 3,607 shares of the company’s stock worth $633,000 after buying an additional 289 shares during the period. IFP Advisors Inc increased its stake in shares of MongoDB by 51.0% during the 1st quarter. IFP Advisors Inc now owns 2,465 shares of the company’s stock valued at $432,000 after acquiring an additional 833 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of MongoDB by 188.5% during the 1st quarter. Allianz Asset Management GmbH now owns 75,340 shares of the company’s stock worth $13,215,000 after acquiring an additional 49,229 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of MongoDB by 106.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 14,449 shares of the company’s stock worth $2,534,000 after acquiring an additional 7,459 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of MongoDB by 2.9% in the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the company’s stock worth $4,350,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $337.86 on Wednesday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $385.44. The company has a fifty day moving average price of $332.97 and a two-hundred day moving average price of $259.63. The company has a market cap of $27.49 billion, a PE ratio of -344.76 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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). 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 quarter in the previous year, the business posted $0.70 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. 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 anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on MDB. Guggenheim reaffirmed a “neutral” rating and set a $400.00 price target on shares of MongoDB in a research report on Tuesday. Rosenblatt Securities upped their price objective on MongoDB from $305.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. UBS Group lifted their target price on MongoDB from $310.00 to $330.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Canaccord Genuity Group upped their price target on MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Wolfe Research lifted their price objective on MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.97.

Insider Buying and Selling at MongoDB

In related news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the transaction, the director owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This represents a 2.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 124,492 shares of company stock worth $39,833,319 over the last ninety days. 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.