National Pension Service Lowers Stock Holdings in MongoDB, Inc. $MDB

Key Points

• The National Pension Service significantly reduced its stake in MongoDB, Inc. by 99.8%, holding only 277 shares worth $49,000 after selling 116,157 shares in the first quarter.
• Insider transactions included CEO Dev Ittycheria selling 8,335 shares for over $2 million, reducing his position by 3.40%, while Director Hope F. Cochran also sold shares, indicating notable insider selling activity.
• Analysts have mixed ratings on MongoDB, with price targets ranging from $190 to $300, and an average rating of "Moderate Buy," reflecting diverging expectations among research firms.

National Pension Service lowered its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 99.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 277 shares of the company's stock after selling 116,157 shares during the quarter. National Pension Service's holdings in MongoDB were worth $49,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in MongoDB during the 1st quarter valued at $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB in the 1st quarter worth $26,000. Cullen Frost Bankers Inc. lifted its holdings in shares of MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after buying an additional 120 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after buying an additional 182 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of MongoDB by 15.9% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

MDB has been the subject of several research reports. Stephens initiated coverage on MongoDB in a report on Friday, July 18th. They issued an "equal weight" rating and a $247.00 target price for the company. JMP Securities restated a "market outperform" rating and set a $345.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Wolfe Research assumed coverage on MongoDB in a research note on Wednesday, July 9th. They set an "outperform" rating and a $280.00 price objective for the company. Citigroup upped their price objective on MongoDB from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Bank of America upped their price objective on MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $283.46.

MongoDB Trading Down 3.7%

Shares of MDB stock traded down $8.45 during mid-day trading on Tuesday, reaching $218.61. The stock had a trading volume of 1,760,454 shares, compared to its average volume of 2,454,390. The business's fifty day moving average is $215.70 and its 200-day moving average is $208.38. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of -191.76 and a beta of 1.44. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The company's revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the sale, the chief executive officer directly owned 236,557 shares of the company's stock, valued at $57,693,886.73. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,416 shares of company stock valued at $11,936,656 over the last ninety days. Company insiders own 3.10% of the company's stock.

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.