Raymond James Financial Inc. Lowers Stake in MongoDB, Inc. $MDB

Key Points

• Raymond James Financial Inc. has reduced its stake in MongoDB, Inc. by 6.5%, now owning 363,429 shares worth approximately $63.75 million.
• Primecap Management Co. CA significantly increased its holdings in MongoDB by 863.5%, owning 870,550 shares valued at around $152.7 million after acquiring an additional 780,200 shares.
• MongoDB reported Q1 earnings of $1.00 per share, exceeding estimates, with revenue rising 21.8% compared to the previous year; the company's average target price from analysts is $283.46.

Raymond James Financial Inc. decreased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 363,429 shares of the company's stock after selling 25,200 shares during the quarter. Raymond James Financial Inc. owned about 0.45% of MongoDB worth $63,745,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MDB. Primecap Management Co. CA boosted its holdings in shares of MongoDB by 863.5% in the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock valued at $152,694,000 after purchasing an additional 780,200 shares during the period. Westfield Capital Management Co. LP purchased a new stake in MongoDB during the first quarter worth $128,706,000. Vanguard Group Inc. lifted its holdings in MongoDB by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock worth $1,369,833,000 after buying an additional 481,023 shares during the period. Deutsche Bank AG lifted its holdings in MongoDB by 134.6% during the first quarter. Deutsche Bank AG now owns 690,774 shares of the company's stock worth $121,162,000 after buying an additional 396,311 shares during the period. Finally, D1 Capital Partners L.P. purchased a new stake in MongoDB during the fourth quarter worth $76,129,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

MDB traded up $7.10 on Friday, reaching $219.06. 1,803,163 shares of the stock were exchanged, compared to its average volume of 2,425,957. The company's 50-day moving average price is $216.04 and its 200 day moving average price is $207.11. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The firm has a market capitalization of $17.90 billion, a PE ratio of -192.16 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The company had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm's revenue was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director directly owned 1,104,316 shares in the company, valued at $270,557,420. This represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,416 shares of company stock valued at $11,936,656. Company insiders own 3.10% of the company's stock.

Analyst Ratings Changes

MDB has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $320.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Bank of America upped their price target on MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Wedbush reaffirmed an "outperform" rating and set a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Citigroup upped their price target on MongoDB from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, Piper Sandler upped their price target on MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $283.46.

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.