Aberdeen Group plc Boosts Position in MongoDB, Inc. $MDB

Key Points

• Aberdeen Group plc increased its stake in MongoDB, Inc. by 4.2%, now holding approximately 62,570 shares valued at about $13.1 million.
• Noteworthy insider activity includes Director Hope F. Cochran selling 1,174 shares and Dwight A. Merriman selling 25,000 shares, reflecting a decrease in their respective positions.
• Analysts have raised their price targets for MongoDB, with Needham & Company increasing their estimate from $325 to $365 and multiple firms affirming a positive rating on the stock.

Aberdeen Group plc grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,570 shares of the company's stock after purchasing an additional 2,503 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of MongoDB worth $13,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in MongoDB by 57.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock worth $219,000 after acquiring an additional 452 shares in the last quarter. Fifth Third Bancorp increased its position in shares of MongoDB by 15.9% during the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after purchasing an additional 78 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of MongoDB in the 1st quarter valued at about $458,000. Sowell Financial Services LLC acquired a new stake in shares of MongoDB in the 1st quarter valued at about $263,000. Finally, Chicago Capital LLC acquired a new stake in shares of MongoDB in the 1st quarter valued at about $316,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the 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 completion of the transaction, the director owned 24,308 shares in the company, valued at $7,971,322.44. This trade represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the sale, the director directly owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,163 shares of company stock worth $31,862,322. Company insiders own 3.10% of the company's stock.

Analyst Ratings Changes

MDB has been the subject of a number of research reports. Needham & Company LLC boosted their price objective on MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Cantor Fitzgerald upped their price target on shares of MongoDB from $312.00 to $406.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Royal Bank Of Canada reiterated an "outperform" rating and set a $350.00 price target on shares of MongoDB in a research note on Thursday, September 18th. Truist Financial lifted their price objective on shares of MongoDB from $330.00 to $375.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Finally, Wolfe Research increased their target price on shares of MongoDB from $280.00 to $350.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $342.69.

MongoDB Trading Up 1.3%

Shares of MDB stock opened at $317.83 on Thursday. The stock has a 50 day simple moving average of $290.82 and a 200-day simple moving average of $227.67. The company has a market cap of $25.86 billion, a price-to-earnings ratio of -324.32 and a beta of 1.50. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($1.04). The business 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 firm's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.

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