Knuff & Co LLC Takes $4.83 Million Position in MongoDB, Inc. $MDB

Knuff & Co LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 14,365 shares of the company’s stock, valued at approximately $4,825,000. MongoDB comprises about 1.2% of Knuff & Co LLC’s holdings, making the stock its 21st biggest position.

Several other hedge funds have also added to or reduced their stakes in MDB. Harel Insurance Investments & Financial Services Ltd. grew its holdings in MongoDB by 115.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after acquiring an additional 189,820 shares during the period. Fiera Capital Corp boosted its position in shares of MongoDB by 33.6% in the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after purchasing an additional 46,051 shares during the last quarter. M&T Bank Corp boosted its position in shares of MongoDB by 12,467.7% in the 4th quarter. M&T Bank Corp now owns 323,744 shares of the company’s stock worth $135,872,000 after purchasing an additional 321,168 shares during the last quarter. Virtus Wealth Solutions LLC grew its stake in shares of MongoDB by 288.3% during the fourth quarter. Virtus Wealth Solutions LLC now owns 6,854 shares of the company’s stock worth $2,877,000 after purchasing an additional 5,089 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of MongoDB during the fourth quarter worth $107,100,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Oppenheimer boosted their target price on MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. DA Davidson reaffirmed a “buy” rating and issued a $375.00 target price on shares of MongoDB in a research note on Friday, May 29th. Canaccord Genuity Group increased their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Piper Sandler lifted their price target on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $427.48.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Citizens JMP raised its price target on MongoDB from $366 to $519 and assigned a “Market Outperform” rating. The new target implies approximately 17.8% upside from the referenced share price, providing a significant bullish signal for investors. Benzinga
• Positive Sentiment: Guggenheim also expressed a bullish view and raised its price target, with analyst Howard Ma citing substantial potential upside. The move adds to a cluster of favorable analyst calls, including recent target increases from Citigroup and Oppenheimer. Guggenheim raises MongoDB price target
• Positive Sentiment: MongoDB’s latest reported quarter showed 25.2% year-over-year revenue growth, revenue above consensus, and adjusted earnings of $1.32 per share versus the $1.19 estimate. The company’s fiscal 2027 earnings guidance also supports the growth narrative behind the higher price targets.
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus rating of “Moderate Buy.” However, the average price target of $418.26 is below the referenced share price, suggesting that some analysts view much of the expected improvement as already reflected in the stock.
• Negative Sentiment: Director Dwight Merriman sold 6,000 shares for approximately $2.7 million after previously selling 10,000 shares. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, and he still retains a substantial stake, which reduces—but does not eliminate—the negative signal from insider selling. MongoDB insider trading report
• Negative Sentiment: Some market commentary cautions that investors are assigning an AI premium to MongoDB without the company quantifying the contribution. That creates execution and valuation risk, particularly with the stock trading near its 52-week high and at demanding valuation multiples.

Insider Buying and Selling

In related news, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the sale, the director directly owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. This represents a 76.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 125,746 shares of company stock valued at $49,310,038. 2.60% of the stock is owned by corporate insiders.

MongoDB Price Performance

NASDAQ:MDB opened at $440.53 on Thursday. MongoDB, Inc. has a fifty-two week low of $206.92 and a fifty-two week high of $473.10. The stock has a market capitalization of $35.43 billion, a PE ratio of -1,190.62, a price-to-earnings-growth ratio of 3,087.46 and a beta of 1.55. The business’s 50-day simple moving average is $353.93 and its 200-day simple moving average is $317.75.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, research analysts expect that MongoDB, Inc. will post 0.01 earnings per share 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.