MongoDB, Inc. $MDB Shares Sold by Covea Finance

Key Points

• Covea Finance trimmed its stake in MongoDB by 24.2%, selling 7,800 shares in Q4 and now holds 24,400 shares valued at $10.24 million per its latest 13F filing.
• Company insiders have been net sellers — director Dwight Merriman sold 1,190 shares and insiders sold 19,383 shares worth $7.91 million over the last 90 days — while institutional investors own about 89.29% of the stock.
• Analysts maintain a consensus of Moderate Buy with an average price target of $354.18; MongoDB recently posted an EPS beat ($1.65 vs. $1.47) and 26.8% revenue growth, though several firms have trimmed price targets and ratings.

Covea Finance trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,400 shares of the company's stock after selling 7,800 shares during the quarter. Covea Finance's holdings in MongoDB were worth $10,240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Everhart Financial Group Inc. acquired a new stake in MongoDB in the 4th quarter valued at $306,000. Central Pacific Bank Trust Division acquired a new position in MongoDB during the fourth quarter worth $28,000. Clark Financial Services Group Inc. BD lifted its holdings in MongoDB by 1.5% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company's stock valued at $702,000 after purchasing an additional 25 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in MongoDB by 95.9% during the fourth quarter. Park Avenue Securities LLC now owns 1,965 shares of the company's stock valued at $825,000 after purchasing an additional 962 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of MongoDB by 46.8% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the company's stock valued at $105,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MDB shares. Canaccord Genuity Group reduced their price target on shares of MongoDB from $455.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Raymond James Financial started coverage on MongoDB in a report on Monday, December 15th. They issued a "market perform" rating on the stock. Macquarie Infrastructure boosted their price objective on MongoDB from $305.00 to $385.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 2nd. KeyCorp reissued a "sector weight" rating on shares of MongoDB in a report on Tuesday, December 2nd. Finally, Mizuho decreased their target price on MongoDB from $380.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average price target of $354.18.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director owned 80,462 shares in the company, valued at $29,750,824.50. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 19,383 shares of company stock worth $7,910,983 over the last ninety days. 3.10% of the stock is owned by company insiders.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Large call buying: Investors purchased an unusually high number of call options (36,130), signaling sizable bullish speculative interest and potential upside hedging from institutional players. MongoDB Options Surge Sparks Nasdaq Composite Focus
• Positive Sentiment: Brokerage consensus leans buy: Recent write-ups summarize that the average brokerage recommendation favors investing in MDB, which can support demand for shares if upgrades or reiterated buys follow. Brokers Suggest Investing in MongoDB (Yahoo)
• Neutral Sentiment: High-profile mention: Jim Cramer previously highlighted MDB as an AI-related pick, keeping the name in retail and cable-driven rotation; useful for attention but not new fundamental information. Jim Cramer Recommended MongoDB
• Neutral Sentiment: Analyst coverage context: Multiple pieces revisit the role and limits of sell‑side recommendations — supportive but often optimistic, so coverage may buoy shares without changing fundamentals. Zacks: Brokers Suggest Investing in MongoDB
• Negative Sentiment: Heavy put buying: Investors also purchased a large number of put options (23,831), a bearish signal that can indicate downside hedging or directional bets and can pressure the stock if sellers hedge by selling shares. Investors Buy Large Volume of Put Options on MongoDB
• Negative Sentiment: Unusually large overall options flow: Multiple outlets report extremely elevated options volume (both calls and puts up ~2,000% vs. normal), which typically increases short‑term volatility and can accelerate downside moves as hedging flows play out. MongoDB Target of Unusually Large Options Trading

MongoDB Price Performance

NASDAQ:MDB opened at $261.16 on Friday. The company's 50-day moving average is $338.48 and its two-hundred day moving average is $351.90. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $444.72. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of -296.77 and a beta of 1.40.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same quarter last year, the firm earned $1.28 EPS. The business's revenue was up 26.8% compared to the same quarter last year. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.