Cwm LLC Grows Stock Position in MongoDB, Inc. $MDB

Key Points

• Cwm LLC increased its stake in MongoDB, Inc. by 370.4% during the 2nd quarter, bringing its total holdings to 16,967 shares valued at approximately $3.56 million.
• MongoDB reported quarterly earnings of ($0.38) per share, missing analyst expectations, while revenue for the quarter rose 23.7% year-over-year to $591.40 million.
• Multiple analysts have raised their price targets for MongoDB, with BMO Capital Markets setting a new target at $365.00 and maintaining an "outperform" rating.

Cwm LLC boosted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 370.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,967 shares of the company's stock after purchasing an additional 13,360 shares during the quarter. Cwm LLC's holdings in MongoDB were worth $3,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC boosted its stake in MongoDB by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,934 shares of the company's stock worth $1,669,000 after purchasing an additional 334 shares during the period. Apollon Wealth Management LLC bought a new position in MongoDB in the 2nd quarter worth approximately $274,000. Aberdeen Group plc boosted its stake in MongoDB by 4.2% in the 2nd quarter. Aberdeen Group plc now owns 62,570 shares of the company's stock worth $13,088,000 after purchasing an additional 2,503 shares during the period. Blue Trust Inc. boosted its stake in MongoDB by 23.5% in the 2nd quarter. Blue Trust Inc. now owns 1,957 shares of the company's stock worth $411,000 after purchasing an additional 373 shares during the period. Finally, Callan Family Office LLC bought a new position in MongoDB in the 2nd quarter worth approximately $218,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

NASDAQ MDB opened at $314.35 on Friday. The stock has a 50 day moving average price of $292.55 and a 200-day moving average price of $228.63. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The company has a market capitalization of $25.58 billion, a P/E ratio of -320.77 and a beta of 1.50.

MongoDB (NASDAQ:MDB - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $553.23 million. During the same quarter in the previous year, the company posted $0.70 EPS. The business'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 analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the sale, the director owned 24,308 shares in the company, valued at approximately $7,971,322.44. This represents a 4.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total value of $51,460.00. Following the sale, the director owned 14,493 shares in the company, valued at $4,492,830. The trade was a 1.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,163 shares of company stock worth $36,886,482 in the last ninety days. Corporate insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MDB shares. BMO Capital Markets upped their price target on MongoDB from $315.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. Wolfe Research upped their price target on MongoDB from $280.00 to $350.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. DA Davidson increased their target price on MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Needham & Company LLC increased their target price on MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Finally, Stifel Nicolaus increased their target price on MongoDB from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus price target of $342.69.

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.

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