MongoDB, Inc. $MDB Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in MongoDB, Inc. by 405.6%, owning 15,248 shares worth $2,674,000 after acquiring 12,232 additional shares in the first quarter.
• Major institutional investors, including OneDigital Investment Advisors LLC and Fifth Third Bancorp, also reported increases in their stakes in MongoDB, highlighting strong institutional support with almost 89.29% of the stock held by such investors.
• MongoDB's stock has an average rating of "Moderate Buy" with a consensus price target of $283.46, as analysts anticipate continued growth and have set various target prices ranging from $240.00 to $320.00 in recent reports.

Quantbot Technologies LP raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 405.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 15,248 shares of the company's stock after purchasing an additional 12,232 shares during the period. Quantbot Technologies LP's holdings in MongoDB were worth $2,674,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MDB. Ossiam grew its holdings in MongoDB by 16.0% during the fourth quarter. Ossiam now owns 791 shares of the company's stock valued at $184,000 after purchasing an additional 109 shares during the period. Natixis grew its holdings in MongoDB by 209.4% during the fourth quarter. Natixis now owns 1,850 shares of the company's stock valued at $431,000 after purchasing an additional 1,252 shares during the period. Tower Research Capital LLC TRC grew its holdings in MongoDB by 554.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,077 shares of the company's stock valued at $1,880,000 after purchasing an additional 6,842 shares during the period. TD Waterhouse Canada Inc. grew its holdings in MongoDB by 7.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,557 shares of the company's stock valued at $362,000 after purchasing an additional 105 shares during the period. Finally, Stifel Financial Corp grew its holdings in MongoDB by 6.4% during the fourth quarter. Stifel Financial Corp now owns 114,216 shares of the company's stock valued at $26,590,000 after purchasing an additional 6,894 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Up 3.3%

MongoDB stock traded up $7.10 during midday trading on Friday, reaching $219.06. 1,803,163 shares of the stock traded hands, compared to its average volume of 2,425,957. The stock's fifty day moving average is $216.04 and its 200-day moving average is $207.11. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The stock has a market cap of $17.90 billion, a P/E ratio of -192.16 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company's quarterly revenue was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent research reports. Cantor Fitzgerald boosted their price target on MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $345.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Barclays upped their price objective on MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Piper Sandler upped their price objective on MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $260.00 price objective on shares of MongoDB in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and a consensus price target of $283.46.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director owned 1,104,316 shares in the company, valued at $270,557,420. This represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,416 shares of company stock worth $11,936,656. 3.10% of the stock is currently owned by company insiders.

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.