MongoDB, Inc. $MDB Stock: Welch & Forbes LLC Grows Holdings

Key Points

• Welch & Forbes increased its MongoDB stake by 133.4% in the third quarter, to 57,131 shares valued at about $19.9 million. Institutional investors collectively own 89.29% of the stock.
• MongoDB reported quarterly revenue of $771.77 million, up 30.5% year over year, and earnings of $1.90 per share, beating analyst estimates for both.
• Analysts hold a consensus “Moderate Buy” rating, with an average price target of $461.91. Recent targets ranged from $415 to $500, while insiders sold a combined 52,465 shares over the past 90 days.

Welch & Forbes LLC increased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 133.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,131 shares of the company's stock after buying an additional 32,654 shares during the quarter. Welch & Forbes LLC owned about 0.07% of MongoDB worth $19,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc raised its holdings in MongoDB by 8.6% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 95,220 shares of the company's stock valued at $33,195,000 after buying an additional 7,568 shares during the period. Consolidated Investment Group LLC lifted its position in MongoDB by 8.8% during the third quarter. Consolidated Investment Group LLC now owns 14,900 shares of the company's stock valued at $5,194,000 after buying an additional 1,200 shares in the last quarter. AlphaCore Capital LLC grew its stake in MongoDB by 52.8% during the third quarter. AlphaCore Capital LLC now owns 1,681 shares of the company's stock worth $586,000 after buying an additional 581 shares during the period. Palacios Wealth Management LLC grew its stake in MongoDB by 11.7% during the third quarter. Palacios Wealth Management LLC now owns 2,784 shares of the company's stock worth $971,000 after buying an additional 291 shares during the period. Finally, Clear Wave Wealth Management LLC purchased a new stake in MongoDB during the third quarter worth approximately $333,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Up 4.6%

MDB opened at $327.37 on Tuesday. The firm has a market capitalization of $26.37 billion, a P/E ratio of 461.08, a P/E/G ratio of 29.90 and a beta of 1.74. The firm's 50 day moving average is $370.97 and its 200-day moving average is $336.99. MongoDB, Inc. has a 52-week low of $215.68 and a 52-week high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same period in the prior year, the firm earned $1.00 earnings per share. The business's quarterly revenue 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. Equities analysts expect that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDB shares. Oppenheimer increased their price objective on shares of MongoDB from $410.00 to $475.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. BMO Capital Markets reduced their target price on shares of MongoDB from $450.00 to $420.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. DA Davidson decreased their price target on shares of MongoDB from $465.00 to $415.00 and set a "buy" rating for the company in a research report on Wednesday, September 30th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $465.00 price target on shares of MongoDB in a report on Wednesday, September 30th. Finally, Monness Crespi & Hardt raised their price objective on MongoDB from $460.00 to $500.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $461.91.

Insiders Place Their Bets

In other MongoDB news, Director Archana Agrawal sold 1,000 shares of MongoDB stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $400.00, for a total transaction of $400,000.00. Following the sale, the director directly owned 4,328 shares in the company, valued at $1,731,200. The trade was a 18.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of MongoDB stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $350.46, for a total value of $208,523.70. Following the sale, the director owned 44,642 shares in the company, valued at $15,645,235.32. This represents a 1.32% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 52,465 shares of company stock worth $20,382,936. 2.60% of the stock is owned by insiders.

MongoDB Profile

MongoDB, Inc develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases.

The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.

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