Callan Family Office LLC Takes $218,000 Position in MongoDB, Inc. $MDB

Key Points

• Callan Family Office LLC has established a **new stake** in MongoDB, Inc., purchasing **1,040 shares** valued at approximately **$218,000** in the second quarter.
• Analysts have recently **upgraded** their price targets for MongoDB, with BMO Capital Markets raising the target from **$315.00 to $365.00**, indicating a strong outlook for the stock.
• Insider selling was noted, with CEO **Dev Ittycheria** selling **33,320 shares** for over **$10 million**, reducing his holdings by 14.09%.

Callan Family Office LLC purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,040 shares of the company's stock, valued at approximately $218,000.

Several other institutional investors have also bought and sold shares of MDB. Cloud Capital Management LLC acquired a new stake in MongoDB in the first quarter worth about $25,000. Hollencrest Capital Management acquired a new stake in MongoDB in the first quarter worth about $26,000. Cullen Frost Bankers Inc. lifted its holdings in 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 purchasing an additional 120 shares during the period. State of Wyoming acquired a new stake in MongoDB in the first quarter worth about $62,000. Finally, Brooklyn Investment Group lifted its holdings in MongoDB by 247.9% in the first quarter. Brooklyn Investment Group now owns 407 shares of the company's stock worth $71,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on shares of MongoDB from $315.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, September 18th. Rosenblatt Securities reissued a "buy" rating and issued a $290.00 price target on shares of MongoDB in a report on Friday, August 22nd. Truist Financial upped their price target on shares of MongoDB from $330.00 to $375.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Wolfe Research upped their price target on shares of MongoDB from $280.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, August 27th. Finally, Morgan Stanley upped their price target on shares of MongoDB from $255.00 to $325.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $342.69.

Insiders Place Their Bets

In related news, CEO Dev Ittycheria sold 33,320 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $301.29, for a total value of $10,038,982.80. Following the completion of the sale, the chief executive officer owned 203,237 shares of the company's stock, valued at approximately $61,233,275.73. The trade was a 14.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director directly owned 24,308 shares of the company's stock, valued at approximately $7,971,322.44. The trade was a 4.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 122,163 shares of company stock worth $36,886,482 over the last quarter. Company insiders own 3.10% of the company's stock.

MongoDB Price Performance

Shares of MDB opened at $318.53 on Friday. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of -325.03 and a beta of 1.50. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The business's 50-day moving average is $294.73 and its 200-day moving average is $229.61.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its 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 analyst estimates of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. MongoDB's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. 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 expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

MongoDB 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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