Maryland State Retirement & Pension System Has $805,000 Stock Holdings in MongoDB, Inc. $MDB

Maryland State Retirement & Pension System grew its holdings in MongoDB, Inc. (NASDAQ:MDB) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,833 shares of the company’s stock after purchasing an additional 487 shares during the quarter. Maryland State Retirement & Pension System’s holdings in MongoDB were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fluent Financial LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at about $1,058,000. Clear Creek Financial Management LLC lifted its stake in shares of MongoDB by 32.3% in the 2nd quarter. Clear Creek Financial Management LLC now owns 1,905 shares of the company’s stock valued at $400,000 after purchasing an additional 465 shares during the period. WoodTrust Financial Corp lifted its stake in shares of MongoDB by 4.9% in the 2nd quarter. WoodTrust Financial Corp now owns 5,400 shares of the company’s stock valued at $1,133,000 after purchasing an additional 250 shares during the period. Slow Capital Inc. lifted its stake in shares of MongoDB by 5.0% in the 2nd quarter. Slow Capital Inc. now owns 18,028 shares of the company’s stock valued at $3,786,000 after purchasing an additional 858 shares during the period. Finally, KLP Kapitalforvaltning AS raised its stake in MongoDB by 20.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 29,800 shares of the company’s stock worth $6,258,000 after buying an additional 5,000 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,163 shares of company stock valued at $31,862,322 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Needham & Company LLC upped their price target on MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research note on Thursday, June 26th. Stephens assumed coverage on MongoDB in a research note on Friday, July 18th. They set an “equal weight” rating and a $247.00 price target on the stock. Finally, Robert W. Baird upped their price target on MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $342.69.

MongoDB Stock Performance

Shares of MDB opened at $314.44 on Monday. The stock has a 50 day moving average price of $285.61 and a two-hundred day moving average price of $225.45. The firm has a market capitalization of $25.58 billion, a P/E ratio of -320.86 and a beta of 1.50. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00.

MongoDB (NASDAQ:MDB) last released its earnings results 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). The business had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.