T. Rowe Price Investment Management Inc. Sells 1,776 Shares of MongoDB, Inc. $MDB

Key Points

• T. Rowe Price Investment Management Inc. decreased its stake in MongoDB, Inc. by 1,776 shares, resulting in ownership of 507,110 shares valued at approximately $88.95 million as of the latest SEC filing.
• MongoDB reported earnings of $1.00 per share for the quarter, significantly surpassing analysts' expectations of $0.65, along with a 21.8% year-over-year revenue increase to $549.01 million.
• An average rating of "Moderate Buy" has been assigned to MongoDB by analysts, with a consensus target price of $283.46.

T. Rowe Price Investment Management Inc. trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 507,110 shares of the company's stock after selling 1,776 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.62% of MongoDB worth $88,948,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of MongoDB in the first quarter worth approximately $25,000. Hollencrest Capital Management bought a new position in shares of MongoDB in the first quarter worth approximately $26,000. Cullen Frost Bankers Inc. boosted 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 during the period. Coppell Advisory Solutions LLC boosted its position in shares of 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 purchasing an additional 182 shares during the period. Finally, Brooklyn Investment Group boosted 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 during the period. 89.29% of the stock is currently owned by institutional investors.

Insider Transactions at MongoDB

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

Analyst Ratings Changes

A number of research firms have weighed in on MDB. Stephens began coverage on shares of MongoDB in a research report on Friday, July 18th. They issued an "equal weight" rating and a $247.00 price target for the company. Rosenblatt Securities reiterated a "buy" rating and issued a $290.00 price target on shares of MongoDB in a research report on Friday. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and dropped their target price for the stock from $350.00 to $190.00 in a research report on Tuesday, May 20th. Wolfe Research began coverage on shares of MongoDB in a research report on Wednesday, July 9th. They set an "outperform" rating and a $280.00 target price for the company. Finally, Guggenheim restated a "buy" rating and set a $260.00 target price on shares of MongoDB in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $283.46.

MongoDB Stock Performance

MDB stock traded up $7.10 during trading on Friday, hitting $219.06. 1,803,163 shares of the company's stock traded hands, compared to its average volume of 2,336,709. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00. The business has a fifty day simple moving average of $216.04 and a 200 day simple moving average of $206.61. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of -192.16 and a beta of 1.44.

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

MongoDB Company Profile

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.