Chicago Partners Investment Group LLC Invests $489,000 in MongoDB, Inc. $MDB

Chicago Partners Investment Group LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,143 shares of the company’s stock, valued at approximately $489,000.

A number of other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in shares of MongoDB during the 1st quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new stake in MongoDB in the first quarter valued at $26,000. Cullen Frost Bankers Inc. raised its position in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the period. State of Wyoming purchased a new stake in MongoDB in the first quarter valued at $62,000. Finally, Brooklyn Investment Group raised its position in MongoDB by 247.9% in 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 period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MDB. Needham & Company LLC boosted their price objective on shares of MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 19th. Macquarie boosted their price target on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Wolfe Research boosted their price target on shares of MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Oppenheimer boosted their target price on MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $342.69.

MongoDB Stock Down 0.2%

Shares of MDB opened at $325.10 on Thursday. The company has a market cap of $26.45 billion, a P/E ratio of -331.73 and a beta of 1.50. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The firm’s 50 day moving average price is $301.98 and its 200 day moving average price is $232.92.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same quarter in the previous year, the business posted $0.70 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the sale, the director directly owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. This represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer directly owned 11,598 shares in the company, valued at approximately $3,783,847.50. This represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 112,828 shares of company stock valued at $34,727,846. 3.10% of the stock is owned by corporate insiders.

About MongoDB

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.