MongoDB, Inc. $MDB Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 23.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,345 shares of the company's stock after selling 2,267 shares during the period. Vontobel Holding Ltd.'s holdings in MongoDB were worth $1,542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MDB. Cloud Capital Management LLC acquired a new position in shares of MongoDB during the 1st quarter worth approximately $25,000. Hollencrest Capital Management acquired a new position in shares of MongoDB during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. boosted its holdings in shares of MongoDB by 315.8% during the 1st 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 last quarter. State of Wyoming acquired a new position in shares of MongoDB during the 1st quarter worth approximately $62,000. Finally, Brooklyn Investment Group boosted its holdings in shares of MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company's stock worth $71,000 after purchasing an additional 290 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other news, Director Peter Thomas Killalea sold 20,000 shares of the company's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the sale, the director owned 32,293 shares of the company's stock, valued at approximately $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 25,000 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.15, for a total value of $8,003,750.00. Following the sale, the director directly owned 1,079,316 shares in the company, valued at $345,543,017.40. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,163 shares of company stock valued at $31,862,322 over the last ninety days. 3.10% of the stock is owned by insiders.

MongoDB Stock Down 5.1%

NASDAQ:MDB opened at $314.44 on Friday. The stock's fifty day moving average is $285.61 and its two-hundred day moving average is $225.20. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00. The stock has a market capitalization of $25.58 billion, a price-to-earnings ratio of -320.86 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) EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same quarter last year, the company earned $0.70 earnings per share. The firm's revenue for the quarter 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. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDB. Canaccord Genuity Group boosted their target price on MongoDB from $340.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Morgan Stanley upped their price objective on MongoDB from $255.00 to $325.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Monness Crespi & Hardt upped their price objective on MongoDB from $295.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. William Blair reiterated an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. Finally, Zacks Research upgraded MongoDB from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company 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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