Metis Global Partners LLC Acquires 604 Shares of MongoDB, Inc. $MDB

Metis Global Partners LLC raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 23.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,225 shares of the company’s stock after acquiring an additional 604 shares during the quarter. Metis Global Partners LLC’s holdings in MongoDB were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Penserra Capital Management LLC lifted its stake in shares of MongoDB by 36.0% in the 2nd quarter. Penserra Capital Management LLC now owns 95,058 shares of the company’s stock valued at $19,959,000 after purchasing an additional 25,168 shares during the period. Wedbush Securities Inc. increased its holdings in MongoDB by 33.1% in the second quarter. Wedbush Securities Inc. now owns 4,023 shares of the company’s stock valued at $845,000 after purchasing an additional 1,001 shares during the last quarter. Savant Capital LLC acquired a new position in MongoDB in the second quarter valued at about $359,000. Andra AP fonden lifted its stake in MongoDB by 13.8% in the second quarter. Andra AP fonden now owns 52,769 shares of the company’s stock valued at $11,081,000 after buying an additional 6,400 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its holdings in MongoDB by 16.5% during the second quarter. Resona Asset Management Co. Ltd. now owns 25,729 shares of the company’s stock worth $5,403,000 after buying an additional 3,641 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank upped their price target on MongoDB from $280.00 to $320.00 and gave the company a “sector perform” rating in a research note on Friday, September 19th. Morgan Stanley upped their target price on shares of MongoDB from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Wells Fargo & Company assumed coverage on shares of MongoDB in a report on Tuesday, September 30th. They issued an “overweight” rating and a $430.00 target price on the stock. Macquarie boosted their price target on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Finally, Guggenheim raised their price objective on MongoDB from $310.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $354.97.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $345.00, for a total transaction of $1,380,000.00. Following the sale, the director owned 1,065,316 shares in the company, valued at approximately $367,534,020. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the transaction, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 108,492 shares of company stock valued at $34,213,359. Corporate insiders own 3.10% of the company’s stock.

MongoDB Stock Down 1.6%

NASDAQ:MDB opened at $365.38 on Thursday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $385.44. The business has a 50 day moving average price of $331.37 and a two-hundred day moving average price of $254.21. The company has a market cap of $29.73 billion, a P/E ratio of -372.84 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same quarter last year, the business earned $0.70 earnings per share. MongoDB’s revenue for the quarter 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. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

MongoDB Profile

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.