MongoDB, Inc. $MDB Stake Boosted by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its MongoDB stake by 32.3% in the third quarter, bringing its holdings to 169,512 shares valued at approximately $59.1 million. Institutional investors and hedge funds collectively own 89.29% of the company.
• Analysts maintain a generally positive outlook, with MongoDB receiving a consensus “Moderate Buy” rating and an average price target of $462.91. The company recently exceeded earnings and revenue expectations, with revenue rising 30.5% year over year.
• MongoDB trades at a demanding valuation, while insiders have sold shares under pre-arranged Rule 10b5-1 plans. Insiders sold 32,595 shares worth about $13.5 million over the past quarter, adding a potential sentiment risk despite strong enterprise and Atlas growth.

Assenagon Asset Management S.A. lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 32.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169,512 shares of the company's stock after buying an additional 41,432 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.21% of MongoDB worth $59,094,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moody National Bank Trust Division lifted its position in shares of MongoDB by 3.1% during the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company's stock worth $377,000 after buying an additional 34 shares during the last quarter. Basecamp Wealth Advisors LLC raised its stake in MongoDB by 14.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company's stock valued at $70,000 after acquiring an additional 36 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of MongoDB by 27.1% during the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company's stock worth $60,000 after purchasing an additional 38 shares during the last quarter. CX Institutional raised its stake in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company's stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its stake in shares of MongoDB by 2.5% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 2,058 shares of the company's stock worth $504,000 after acquiring an additional 51 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of MongoDB from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, October 12th. Robert W. Baird upped their price target on shares of MongoDB from $335.00 to $400.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 25th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $519.00 target price on shares of MongoDB in a report on Wednesday, September 30th. Barclays raised their price objective on MongoDB from $460.00 to $480.00 and gave the company an "overweight" rating in a research note on Wednesday, September 2nd. Finally, Rosenblatt Securities raised their price objective on MongoDB from $395.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $462.91.

MongoDB Stock Performance

MDB stock opened at $337.57 on Friday. The stock has a market capitalization of $27.19 billion, a P/E ratio of 475.45, a PEG ratio of 32.68 and a beta of 1.74. The company has a 50 day moving average price of $394.42 and a two-hundred day moving average price of $340.63. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same period in the prior year, the business posted $1.00 earnings per share. The firm's revenue for the quarter was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Research analysts forecast that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB’s expanding large-enterprise customer base is driving higher consumption of MongoDB Atlas, recurring revenue growth and wider adoption of AI-powered database capabilities. This supports the long-term growth case for the cloud platform. MongoDB enterprise customer growth article
• Positive Sentiment: Recent operating results remain strong: MongoDB previously exceeded quarterly earnings and revenue expectations, with revenue increasing 30.5% year over year. Analysts also maintain a generally favorable outlook, with the consensus rating at “Moderate Buy” and a target price well above recent trading levels. MongoDB analyst and earnings information
• Neutral Sentiment: A head-to-head comparison with Salesforce places MongoDB’s investment case alongside another large-cap software company, focusing on earnings, profitability, valuation, risk, institutional ownership and analyst views. The comparison provides context but does not introduce a new company-specific catalyst. MongoDB versus Salesforce comparison
• Negative Sentiment: Director Archana Agrawal sold 1,000 MongoDB shares for approximately $400,000, reducing her holdings by 18.77%. Because the transaction was made under a pre-arranged Rule 10b5-1 plan, it is a limited discretionary bearish signal, though insider selling can still weigh on sentiment. MongoDB director share sale
• Negative Sentiment: MongoDB continues to trade at a demanding valuation relative to its modest profitability, leaving the stock vulnerable to profit-taking and concerns about whether Atlas and AI-related growth can justify its premium multiple.

Insider Activity at MongoDB

In related news, Director Charles M. Hazard, Jr. sold 595 shares of MongoDB stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $363.85, for a total value of $216,490.75. Following the transaction, the director owned 45,237 shares in the company, valued at approximately $16,459,482.45. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of MongoDB stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the completion of the transaction, the director owned 4,328 shares in the company, valued at $1,731,200. The trade was a 18.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,595 shares of company stock valued at $13,465,211 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

About MongoDB

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company's principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.

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