Stanley Laman Group Ltd. Has $6.79 Million Position in MongoDB, Inc. $MDB

Key Points

• Stanley Laman Group Ltd. reduced its position in MongoDB, Inc. by 9.6% in the second quarter, holding 32,316 shares valued at approximately $6.79 million.
• Several brokerages have given MongoDB strong ratings, with analyst price targets ranging from $290 to $365, indicating a consensus "Moderate Buy" rating.
• Insider selling was reported, with notable transactions from the CAO and a director, totaling over $970,000 in sales, reflecting a 3.10% insider ownership in the company.

Stanley Laman Group Ltd. lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 9.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,316 shares of the company's stock after selling 3,451 shares during the period. MongoDB accounts for 1.0% of Stanley Laman Group Ltd.'s portfolio, making the stock its 11th largest holding. Stanley Laman Group Ltd.'s holdings in MongoDB were worth $6,786,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in MongoDB in the first quarter worth approximately $25,000. Hollencrest Capital Management acquired a new position in MongoDB during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. grew its holdings in MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. State of Wyoming acquired a new position in MongoDB during the first quarter valued at approximately $62,000. Finally, Brooklyn Investment Group grew its holdings in MongoDB by 247.9% during the first quarter. Brooklyn Investment Group now owns 407 shares of the company's stock valued at $71,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MDB. William Blair reiterated an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. Monness Crespi & Hardt increased their price target on MongoDB from $295.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Royal Bank Of Canada reiterated an "outperform" rating and set a $350.00 price target on shares of MongoDB in a report on Thursday, September 18th. Rosenblatt Securities reissued a "buy" rating and issued a $290.00 price objective on shares of MongoDB in a research report on Friday, August 22nd. Finally, DA Davidson increased their price objective on MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $342.69.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, September 8th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $322.00, for a total transaction of $644,000.00. Following the sale, the director owned 508,896 shares in the company, valued at $163,864,512. This represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,163 shares of company stock valued at $36,886,482. 3.10% of the stock is owned by insiders.

MongoDB Price Performance

Shares of MDB stock opened at $318.53 on Friday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The stock has a fifty day moving average price of $294.73 and a 200 day moving average price of $229.61. The stock has a market cap of $25.92 billion, a P/E ratio of -325.03 and a beta of 1.50.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The firm's quarterly 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. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS 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.

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