Greenland Capital Management LP Sells 3,000 Shares of MongoDB, Inc. $MDB

Greenland Capital Management LP trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the company’s stock after selling 3,000 shares during the period. Greenland Capital Management LP’s holdings in MongoDB were worth $630,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of MongoDB by 20.0% in the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after purchasing an additional 249 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after buying an additional 362,705 shares during the period. Red Spruce Capital LLC grew its stake in MongoDB by 11.8% in the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after buying an additional 1,426 shares during the last quarter. Triton Financial Group Inc acquired a new position in MongoDB in the 2nd quarter valued at about $782,000. Finally, Jones Financial Companies Lllp raised its holdings in MongoDB by 875.2% in the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock valued at $1,745,000 after acquiring an additional 8,927 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the sale, the director owned 1,079,316 shares in the company, valued at $345,543,017.40. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the transaction, the director owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 124,492 shares of company stock valued at $39,833,319 in the last quarter. Insiders own 3.10% of the company’s stock.

MongoDB Stock Down 0.2%

Shares of MDB stock opened at $337.19 on Thursday. The business has a fifty day simple moving average of $333.02 and a 200 day simple moving average of $260.17. The company has a market cap of $27.43 billion, a P/E ratio of -344.07 and a beta of 1.52. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $385.44.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 EPS. 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 research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MongoDB in a research report on Monday. Bank of America boosted their price target on MongoDB from $345.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Canaccord Genuity Group upped their price objective on MongoDB from $340.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Oppenheimer lifted their target price on MongoDB from $325.00 to $385.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. Finally, DA Davidson boosted their target price on shares of MongoDB from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.97.

MongoDB 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.