Wellington Management Group LLP Has $258.07 Million Stock Position in MongoDB, Inc. $MDB

Key Points

• Wellington Management Group LLP reduced its stake in MongoDB, Inc. by 5.9%, now owning 1,471,343 shares valued at $258.07 million.
• Several hedge funds have significantly changed their positions in MongoDB, with Primecap Management increasing its stake by 863.5% and Vanguard Group adding 6.6%.
• MongoDB's recent quarterly earnings surpassed expectations, reporting $1.00 earnings per share and revenue of $549.01 million, a 21.8% increase compared to the previous year.

Wellington Management Group LLP lowered its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,471,343 shares of the company's stock after selling 92,356 shares during the period. Wellington Management Group LLP owned 1.81% of MongoDB worth $258,074,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MDB. Primecap Management Co. CA boosted its position in 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 buying an additional 780,200 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in MongoDB in the first quarter valued at approximately $128,706,000. Vanguard Group Inc. boosted its position in MongoDB by 6.6% in the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock valued at $1,369,833,000 after buying an additional 481,023 shares in the last quarter. Deutsche Bank AG boosted its position in MongoDB by 134.6% in the first quarter. Deutsche Bank AG now owns 690,774 shares of the company's stock valued at $121,162,000 after buying an additional 396,311 shares in the last quarter. Finally, D1 Capital Partners L.P. acquired a new stake in MongoDB in the fourth quarter valued at approximately $76,129,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Buying and Selling

In related 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 transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the sale, the chief executive officer owned 236,557 shares of the company's stock, valued at $57,693,886.73. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,416 shares of company stock worth $11,936,656. Insiders own 3.10% of the company's stock.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $218.61 on Wednesday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of -191.76 and a beta of 1.44. The firm's 50-day simple moving average is $215.70 and its 200 day simple moving average is $208.38.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $527.49 million. During the same period in the previous year, the company earned $0.51 earnings per share. The firm's revenue for the quarter 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. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MDB shares. JMP Securities restated a "market outperform" rating and issued a $345.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Wolfe Research initiated coverage on shares of MongoDB in a report on Wednesday, July 9th. They set an "outperform" rating and a $280.00 target price on the stock. UBS Group lifted their target price on MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Wedbush reissued an "outperform" rating and set a $300.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Finally, Guggenheim reissued a "buy" rating and set a $260.00 target price on shares of MongoDB in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.46.

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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