NorthRock Partners LLC Purchases Shares of 1,296 MongoDB, Inc. $MDB

Key Points

• NorthRock Partners LLC acquired 1,296 shares of MongoDB, valued at approximately $272,000, during the second quarter, reflecting growing institutional interest in the company.
• Analysts have raised their price targets for MongoDB, with estimates reaching up to $400.00, and a consensus rating of "Moderate Buy" currently reflected in the stock’s performance.
• MongoDB reported a quarterly revenue of $591.40 million, surpassing analyst estimates despite posting a negative earnings per share of ($0.38), highlighting a mixed financial performance.

NorthRock Partners LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,296 shares of the company's stock, valued at approximately $272,000.

Other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of MongoDB in the first quarter worth $25,000. Hollencrest Capital Management bought a new stake in shares of MongoDB in the first quarter worth $26,000. Cullen Frost Bankers Inc. lifted its position in shares of MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after purchasing an additional 120 shares in the last quarter. State of Wyoming bought a new stake in shares of MongoDB in the first quarter worth $62,000. Finally, Brooklyn Investment Group lifted its position in shares of MongoDB by 247.9% in the first quarter. Brooklyn Investment Group now owns 407 shares of the company's stock worth $71,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Sanford C. Bernstein boosted their price objective on shares of MongoDB from $319.00 to $338.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. UBS Group upped their price target on shares of MongoDB from $310.00 to $330.00 and gave the stock a "neutral" rating in a research report on Thursday, September 18th. Rosenblatt Securities reaffirmed a "buy" rating and set a $290.00 price target on shares of MongoDB in a research report on Friday, August 22nd. Piper Sandler upped their price target on shares of MongoDB from $345.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group upped their price target on shares of MongoDB from $325.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Two equities 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $342.69.

MongoDB Stock Performance

MDB stock opened at $314.35 on Friday. The company's 50-day simple moving average is $292.55 and its 200 day simple moving average is $228.63. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00. The company has a market capitalization of $25.58 billion, a PE ratio of -320.77 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 the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same quarter last year, the company posted $0.70 earnings per share. The company's revenue 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, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the sale, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the sale, the chief accounting officer owned 11,598 shares in the company, valued at $3,783,847.50. The trade was a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,163 shares of company stock valued at $36,886,482. 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.

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