MongoDB, Inc. $MDB Shares Sold by Fluent Financial LLC

Fluent Financial LLC cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 60.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,972 shares of the company’s stock after selling 3,066 shares during the period. Fluent Financial LLC’s holdings in MongoDB were worth $612,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after acquiring an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of MongoDB during the 1st quarter worth $161,543,000. Norges Bank acquired a new stake in shares of MongoDB during the 2nd quarter worth about $164,338,000. Vanguard Group Inc. raised its holdings in MongoDB by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after buying an additional 744,547 shares during the period. Finally, Voya Investment Management LLC raised its holdings in MongoDB by 503.1% in the 3rd quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock valued at $222,474,000 after buying an additional 597,937 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Charles M. Hazard, Jr. sold 166 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $326.13, for a total transaction of $54,137.58. Following the sale, the director directly owned 13,995 shares in the company, valued at approximately $4,564,189.35. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the transaction, the director owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. This represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 99,969 shares of company stock worth $36,374,672 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of MongoDB from $405.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. JMP Securities increased their price objective on shares of MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a research report on Friday, September 19th. Argus lifted their target price on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Wedbush boosted their target price on MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Rosenblatt Securities raised their price target on MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $414.97.

MongoDB Stock Up 1.2%

Shares of MDB stock opened at $430.18 on Friday. The firm has a 50 day moving average of $360.34 and a two-hundred day moving average of $290.53. The stock has a market capitalization of $35.01 billion, a PE ratio of -494.46 and a beta of 1.45. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $432.55.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.