FirstWave Capital Management LLC Acquires New Stake in MongoDB, Inc. $MDB

FirstWave Capital Management LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,347 shares of the company’s stock, valued at approximately $2,132,000.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of MongoDB in the 4th quarter valued at about $33,000. Cassaday & Co Wealth Management LLC bought a new position in MongoDB in the first quarter worth approximately $34,000. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB during the second quarter worth $34,000. CX Institutional boosted its position in MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In related news, Director Hope Cochran sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director directly owned 29,326 shares of the company’s stock, valued at $10,264,100. This represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the transaction, the director owned 452,896 shares of the company’s stock, valued at $204,595,768. This trade represents a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 40,696 shares of company stock valued at $16,098,655 over the last ninety days. 2.60% of the stock is currently owned by insiders.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

MongoDB Stock Down 4.1%

MDB opened at $368.74 on Friday. MongoDB, Inc. has a 52-week low of $215.68 and a 52-week high of $473.10. The company has a market cap of $29.66 billion, a P/E ratio of 519.35, a price-to-earnings-growth ratio of 52.65 and a beta of 1.58. The firm’s 50-day moving average price is $374.27 and its 200-day moving average price is $322.83.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. MongoDB’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, research analysts anticipate that MongoDB, Inc. will post 0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MDB shares. Oppenheimer upped their price objective on MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Needham & Company LLC reiterated a “buy” rating and issued a $430.00 target price on shares of MongoDB in a research note on Wednesday. Rosenblatt Securities boosted their target price on shares of MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday. Mizuho increased their price target on shares of MongoDB from $400.00 to $460.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley raised their price target on shares of MongoDB from $380.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

MongoDB 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.