Circle Wealth Management LLC Purchases 336 Shares of MongoDB, Inc. $MDB

Circle Wealth Management LLC grew its position in MongoDB, Inc. (NASDAQ:MDB) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,182 shares of the company’s stock after acquiring an additional 336 shares during the period. Circle Wealth Management LLC’s holdings in MongoDB were worth $909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MDB. Cloud Capital Management LLC acquired a new position in MongoDB during the 1st quarter worth about $25,000. Hollencrest Capital Management bought a new position in shares of MongoDB in the first quarter worth about $26,000. Cullen Frost Bankers Inc. lifted its position in shares of MongoDB by 315.8% during 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 in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of MongoDB by 364.0% during 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 in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of 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.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wolfe Research initiated coverage on shares of MongoDB in a research report on Wednesday, July 9th. They issued an “outperform” rating and a $280.00 price objective for the company. Citigroup boosted their target price on MongoDB from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Monday. Loop Capital lowered MongoDB from a “buy” rating to a “hold” rating and cut their price target for the company from $350.00 to $190.00 in a research note on Tuesday, May 20th. DA Davidson reiterated a “buy” rating and issued a $275.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. Finally, Guggenheim reissued a “buy” rating and set a $260.00 price objective on shares of MongoDB in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $283.46.

MongoDB Stock Down 0.3%

MDB opened at $211.96 on Friday. The stock has a market cap of $17.32 billion, a P/E ratio of -185.93 and a beta of 1.44. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The company has a fifty day simple moving average of $215.77 and a 200 day simple moving average of $208.01.

MongoDB (NASDAQ:MDB) last announced its quarterly 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 company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the sale, the chief executive officer directly owned 236,557 shares in the company, valued at approximately $57,693,886.73. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hope F. Cochran sold 1,174 shares of the company’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 directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is owned by corporate insiders.

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.