TD Asset Management Inc Sells 2,778 Shares of MongoDB, Inc. $MDB

Key Points

• TD Asset Management Inc has reduced its holdings in MongoDB, Inc. by 4.6% during the second quarter, now owning 57,274 shares valued at approximately $12 million.
• Several institutional investors have significantly increased their positions in MongoDB, including Primecap Management which raised its stake by 863.5% in the first quarter.
• Equities analysts have issued a variety of ratings and increased price targets for MongoDB, with a consensus price target of $342.69 and the stock currently rated as a "Moderate Buy."

TD Asset Management Inc decreased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,274 shares of the company's stock after selling 2,778 shares during the quarter. TD Asset Management Inc owned 0.07% of MongoDB worth $12,027,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MDB. Jericho Capital Asset Management L.P. bought a new position in MongoDB in the 1st quarter valued at about $161,543,000. Primecap Management Co. CA lifted its position in MongoDB by 863.5% in the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock valued at $152,694,000 after acquiring an additional 780,200 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in MongoDB in the 1st quarter valued at about $128,706,000. Vanguard Group Inc. lifted its position in MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock valued at $1,369,833,000 after acquiring an additional 481,023 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in MongoDB by 425.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 556,144 shares of the company's stock valued at $97,548,000 after acquiring an additional 450,336 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In other news, Director Charles M. Hazard, Jr. sold 166 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total transaction of $51,460.00. Following the completion of the sale, the director owned 14,493 shares in the company, valued at $4,492,830. This trade represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the sale, the director owned 24,308 shares of the company's stock, valued at approximately $7,971,322.44. The trade was a 4.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,163 shares of company stock worth $36,886,482 over the last 90 days. Corporate insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MDB shares. William Blair reaffirmed an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Needham & Company LLC lifted their target price on shares of MongoDB from $325.00 to $365.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Rosenblatt Securities reissued a "buy" rating and set a $290.00 target price on shares of MongoDB in a research report on Friday, August 22nd. Wedbush lifted their target price on shares of MongoDB from $300.00 to $400.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Finally, Oppenheimer lifted their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock an "outperform" 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 given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $342.69.

MongoDB Stock Up 1.3%

Shares of MDB stock opened at $318.53 on Friday. The company has a 50 day moving average of $294.73 and a 200-day moving average of $229.95. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The firm 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 issued its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $591.40 million for the quarter, compared to analysts' expectations of $553.23 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company's revenue for the quarter 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. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current 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.

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