Russell Investments Group Ltd. Cuts Stock Position in MongoDB, Inc. $MDB

Key Points

• Russell Investments Group Ltd. has reduced its stake in MongoDB, Inc. by 9.3%, now owning approximately 0.06% of the company's stock valued at $8.5 million.
• Insider sales have occurred, with Director Dwight A. Merriman selling 1,000 shares for $245,000 and Director Hope F. Cochran selling 1,174 shares for approximately $236,000.
• MongoDB's stock has a consensus rating of "Moderate Buy" among analysts, with price targets ranging from $190 to $300 based on various ratings updates.

Russell Investments Group Ltd. lowered its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,882 shares of the company's stock after selling 4,922 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of MongoDB worth $8,495,000 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. Cloud Capital Management LLC bought a new stake in shares of MongoDB in the 1st quarter worth approximately $25,000. Hollencrest Capital Management purchased a new position in MongoDB during the first quarter valued at $26,000. Cullen Frost Bankers Inc. boosted its holdings in 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 acquiring an additional 120 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after acquiring an additional 182 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. BMO Capital Markets initiated coverage on shares of MongoDB in a report on Monday, July 28th. They set an "outperform" rating and a $280.00 price target on the stock. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Cantor Fitzgerald upped their price objective on MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Finally, Wolfe Research started coverage on MongoDB in a research note on Wednesday, July 9th. They set an "outperform" rating and a $280.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $283.46.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB 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 transaction, the director directly owned 21,096 shares of the company's stock, valued at $4,241,983.68. The trade was a 5.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 25,005 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares of the company's stock, valued at approximately $60,131,916. This trade represents a 8.87% 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. 3.10% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $7.10 during trading on Friday, hitting $219.06. The company's stock had a trading volume of 1,803,163 shares, compared to its average volume of 2,425,957. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of -192.16 and a beta of 1.44. The company has a 50-day moving average of $216.04 and a 200-day moving average of $207.62. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm's revenue was up 21.8% on a year-over-year basis. 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, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.