MongoDB, Inc. $MDB Shares Sold by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. significantly reduced its stake in MongoDB, Inc. by 85.7%, selling 158,482 shares and leaving it with 26,391 shares valued at approximately $4.6 million.
• Insider transactions saw CEO Dev Ittycheria and Director Hope F. Cochran sell shares, decreasing their holdings by 8.87% and 5.27% respectively.
• Analysts have raised their price targets for MongoDB, with targets ranging from $230 to $320, reflecting a consensus rating of "Moderate Buy" for the company's stock.

1832 Asset Management L.P. cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 85.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,391 shares of the company's stock after selling 158,482 shares during the period. 1832 Asset Management L.P.'s holdings in MongoDB were worth $4,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 111 Capital acquired a new stake in MongoDB during the fourth quarter valued at approximately $390,000. Park Avenue Securities LLC lifted its position in shares of MongoDB by 52.6% in the 1st quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock valued at $461,000 after acquiring an additional 907 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of MongoDB by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock valued at $1,359,000 after acquiring an additional 298 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of MongoDB in the 1st quarter valued at approximately $263,000. Finally, Farther Finance Advisors LLC lifted its position in shares of MongoDB by 57.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock valued at $219,000 after acquiring an additional 452 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director owned 21,096 shares in the company, valued at $4,241,983.68. This represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 25,005 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares in the company, valued at approximately $60,131,916. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,416 shares of company stock worth $11,936,656 in the last 90 days. 3.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on MDB shares. Scotiabank upped their price target on shares of MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Royal Bank Of Canada restated an "outperform" rating and issued a $320.00 price target on shares of MongoDB in a research report on Thursday, June 5th. UBS Group upped their price target on shares of MongoDB from $213.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Guggenheim restated a "buy" rating and issued a $260.00 price target on shares of MongoDB in a research report on Thursday, August 14th. Finally, Cantor Fitzgerald upped their price target on shares of MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.46.

MongoDB Stock Up 3.3%

MDB stock opened at $219.06 on Monday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The company has a market cap of $17.90 billion, a price-to-earnings ratio of -192.16 and a beta of 1.44. The company has a 50 day moving average of $216.04 and a two-hundred day moving average of $206.61.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company's 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, research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current 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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