Handelsbanken Fonder AB Purchases 108,444 Shares of MongoDB, Inc. $MDB

Handelsbanken Fonder AB lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 744.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,015 shares of the company’s stock after purchasing an additional 108,444 shares during the period. Handelsbanken Fonder AB’s holdings in MongoDB were worth $51,628,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Clark Financial Services Group Inc. BD lifted its position in shares of MongoDB by 1.5% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after purchasing an additional 25 shares in the last quarter. True Wealth Design LLC lifted its position in shares of MongoDB by 9.4% during the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC lifted its position in shares of MongoDB by 2.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of MongoDB by 3.8% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after purchasing an additional 40 shares in the last quarter. Finally, Whittier Trust Co. raised its position in MongoDB by 4.3% in the fourth quarter. Whittier Trust Co. now owns 976 shares of the company’s stock worth $425,000 after acquiring an additional 40 shares during the period. 89.29% of the stock is owned by institutional investors.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America raised its price target on MongoDB and reiterated a Buy rating, citing confidence in demand trends, Atlas momentum, and execution across cloud and on-premise products. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed its Outperform rating and lifted its target to $395, saying MongoDB is well positioned for AI-related tailwinds and strong Atlas growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Positive Sentiment: Analyst sentiment remains favorable overall, with multiple Buy/Outperform ratings and recent targets ranging up to $450, reinforcing expectations for solid upcoming results. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Neutral Sentiment: MongoDB’s CEO pay disclosure highlighted very large compensation and heavy insider selling over the past six months, which may raise governance questions but was offset by the sales being tied in part to pre-arranged trading plans. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Negative Sentiment: Director Dwight Merriman sold additional shares recently, adding to a pattern of insider selling that could temper some enthusiasm around the stock. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

Analysts Set New Price Targets

Several analysts have commented on MDB shares. Truist Financial lowered their price objective on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Wedbush lowered their price objective on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. UBS Group lowered their price objective on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Cantor Fitzgerald lowered their price objective on shares of MongoDB from $454.00 to $378.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Finally, Oppenheimer lowered their price objective on shares of MongoDB from $425.00 to $375.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Twenty-six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $370.87.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the sale, the director owned 24,093 shares of the company’s stock, valued at $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the sale, the director directly owned 470,896 shares in the company, valued at approximately $148,322,822.08. This trade represents a 1.26% 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. In the last three months, insiders sold 31,566 shares of company stock worth $8,744,791. Insiders own 3.10% of the company’s stock.

MongoDB Stock Up 1.4%

NASDAQ MDB opened at $334.68 on Wednesday. The company’s 50 day moving average is $265.03 and its 200-day moving average is $335.65. MongoDB, Inc. has a 12-month low of $182.43 and a 12-month high of $444.72. The firm has a market cap of $26.90 billion, a P/E ratio of -380.32 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. Equities analysts expect that MongoDB, Inc. will post -0.46 EPS for the current year.

About MongoDB

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.