Gilder Gagnon Howe & Co. LLC Sells 291,928 Shares of MongoDB, Inc. $MDB

Gilder Gagnon Howe & Co. LLC lowered its stake in MongoDB, Inc. (NASDAQ:MDB) by 73.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,094 shares of the company’s stock after selling 291,928 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.13% of MongoDB worth $22,489,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MDB. Main Management ETF Advisors LLC grew its holdings in MongoDB by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock worth $770,000 after purchasing an additional 60 shares during the period. Carnegie Investment Counsel boosted its position in shares of MongoDB by 3.6% during the 2nd quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock worth $379,000 after purchasing an additional 62 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of MongoDB by 6.2% in the 2nd quarter. New York Life Investment Management LLC now owns 1,236 shares of the company’s stock valued at $260,000 after buying an additional 72 shares during the period. Farther Finance Advisors LLC increased its position in MongoDB by 6.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company’s stock valued at $279,000 after buying an additional 85 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in MongoDB by 3.7% in the 1st quarter. Summit Investment Advisors Inc. now owns 2,438 shares of the company’s stock valued at $428,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on MongoDB from $405.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Truist Financial boosted their price target on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a report on Monday. Scotiabank raised their price objective on shares of MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company boosted their target price on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $415.39.

MongoDB Price Performance

MDB opened at $419.00 on Friday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $432.55. The firm has a market capitalization of $34.09 billion, a P/E ratio of -481.61 and a beta of 1.45. The company’s 50-day moving average is $350.50 and its 200 day moving average is $281.82.

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

Insiders Place Their Bets

In other MongoDB news, Director Charles M. Hazard, Jr. sold 833 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $326.13, for a total value of $271,666.29. Following the completion of the transaction, the director owned 44,867 shares in the company, valued at $14,632,474.71. This represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction on Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the sale, the director owned 194,600 shares in the company, valued at $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 119,577 shares of company stock valued at $41,439,265. Insiders own 3.10% of the company’s stock.

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.