Apollon Wealth Management LLC Acquires Shares of 1,303 MongoDB, Inc. $MDB

Key Points

• Apollon Wealth Management LLC acquired 1,303 shares of MongoDB, Inc. valued at approximately $274,000 in the second quarter.
• MongoDB reported quarterly revenue of $591.40 million, significantly exceeding analyst estimates of $553.23 million, although it missed earnings per share expectations.
• Several analysts have recently upgraded MongoDB's stock rating, with a consensus rating of "Moderate Buy" and an average price target of $342.69.

Apollon Wealth Management LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,303 shares of the company's stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MDB. Wedbush Securities Inc. lifted its position in shares of MongoDB by 2.6% during the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock worth $530,000 after buying an additional 77 shares during the last quarter. Arizona State Retirement System grew its position in MongoDB by 0.4% in the first quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock valued at $3,772,000 after acquiring an additional 83 shares during the last quarter. Farther Finance Advisors LLC raised its stake in MongoDB by 6.8% during the second quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company's stock worth $279,000 after acquiring an additional 85 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in MongoDB by 0.7% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,240 shares of the company's stock worth $2,498,000 after acquiring an additional 95 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Up 1.3%

Shares of NASDAQ:MDB opened at $318.53 on Friday. The firm has a market cap of $25.92 billion, a P/E ratio of -325.03 and a beta of 1.50. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The business has a fifty day simple moving average of $294.73 and a 200 day simple moving average of $229.95.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same period in the previous year, the company posted $0.70 EPS. The company'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. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the sale, the director directly owned 24,308 shares of the company's stock, valued at approximately $7,971,322.44. This represents a 4.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $3,783,847.50. This trade represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,163 shares of company stock worth $36,886,482. Company insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of MongoDB from $310.00 to $330.00 and gave the company a "neutral" rating in a report on Thursday, September 18th. Needham & Company LLC boosted their target price on shares of MongoDB from $325.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Scotiabank upped their price target on shares of MongoDB from $280.00 to $320.00 and gave the stock a "sector perform" rating in a report on Friday, September 19th. Zacks Research upgraded MongoDB from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Finally, Wells Fargo & Company began coverage on MongoDB in a research report on Tuesday, September 30th. They set an "overweight" rating and a $430.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $342.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.