MongoDB, Inc. $MDB Holdings Reduced by Legal & General Group Plc

Legal & General Group Plc decreased its position in MongoDB, Inc. (NASDAQ:MDB) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 524,265 shares of the company’s stock after selling 6,079 shares during the period. Legal & General Group Plc’s holdings in MongoDB were worth $220,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDB. Cornerstone Planning Group LLC grew its position in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in MongoDB in the 4th quarter worth about $28,000. Huntington National Bank grew its position in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB in the 4th quarter worth about $33,000. Finally, Hollencrest Capital Management bought a new position in MongoDB in the 3rd quarter worth about $37,000. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the sale, the director directly owned 470,896 shares of the company’s stock, valued at $148,322,822.08. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the sale, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 31,566 shares of company stock valued at $8,744,791. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MDB shares. Mizuho upgraded shares of MongoDB from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $290.00 to $325.00 in a research report on Monday, March 23rd. Scotiabank upgraded shares of MongoDB from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $275.00 to $310.00 in a research report on Thursday, March 5th. Needham & Company LLC decreased their price objective on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Guggenheim reiterated a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a report on Tuesday, April 14th. Finally, Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $374.13.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Canaccord Genuity raised its price target on MongoDB to $400 from $375 and kept a buy rating, signaling meaningful upside from current levels and reinforcing a constructive view on the stock. Article
• Positive Sentiment: Rosenblatt reaffirmed its buy rating and $385 price target, while Cantor Fitzgerald lifted its target to $416 and maintained an overweight rating, adding to the bullish analyst backdrop. Article Article
• Positive Sentiment: Several previews ahead of Thursday’s earnings highlight strong Atlas growth, expanding AI platform momentum, and solid enterprise demand, suggesting investors may be looking for an upside surprise versus current expectations. Article
• Neutral Sentiment: MongoDB is set to report fiscal Q1 2027 results after the bell on Thursday, and traders appear to be positioning cautiously ahead of the announcement, which is contributing to elevated volatility. Article
• Negative Sentiment: The stock has also been hit by pre-earnings de-risking and lingering caution after earlier guidance-related weakness, with some investors trimming exposure before the results. Article

MongoDB Price Performance

MongoDB stock opened at $294.46 on Thursday. The firm has a 50 day simple moving average of $271.03 and a 200-day simple moving average of $333.98. The stock has a market capitalization of $23.67 billion, a PE ratio of -334.61 and a beta of 1.48. MongoDB, Inc. has a 12-month low of $182.43 and a 12-month high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.18. The business had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. On average, analysts forecast that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.