MongoDB, Inc. $MDB Shares Acquired by Ethic Inc.

Ethic Inc. grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 29.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,247 shares of the company’s stock after acquiring an additional 1,640 shares during the quarter. Ethic Inc.’s holdings in MongoDB were worth $1,521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MDB. Janney Montgomery Scott LLC acquired a new stake in shares of MongoDB in the 1st quarter worth $458,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of MongoDB by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock worth $1,359,000 after acquiring an additional 298 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of MongoDB by 41.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,058 shares of the company’s stock worth $1,238,000 after acquiring an additional 2,085 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of MongoDB by 13.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 19,449 shares of the company’s stock worth $3,411,000 after acquiring an additional 2,270 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of MongoDB by 117.8% in the 1st quarter. Diversified Trust Co now owns 15,071 shares of the company’s stock worth $2,643,000 after acquiring an additional 8,152 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of MongoDB stock opened at $333.57 on Friday. The business has a 50-day moving average of $306.79 and a 200 day moving average of $236.10. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The stock has a market capitalization of $27.14 billion, a price-to-earnings ratio of -340.38 and a beta of 1.50.

MongoDB (NASDAQ:MDB) last announced its earnings results on Tuesday, August 26th. The company reported ($0.38) 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 firm had revenue of $591.40 million for the quarter, compared to analysts’ expectations of $553.23 million. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDB. JMP Securities raised their price objective on MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a research report on Friday, September 19th. Scotiabank raised their price objective on MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a research report on Friday, September 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of MongoDB in a research report on Saturday. Wells Fargo & Company began coverage on MongoDB in a research report on Tuesday, September 30th. They set an “overweight” rating and a $430.00 price objective for the company. Finally, Stifel Nicolaus raised their price objective on MongoDB from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $342.69.

Insider Activity at MongoDB

In related news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the transaction, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. This trade represents a 38.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $326.25, for a total value of $326,250.00. Following the completion of the transaction, the chief accounting officer owned 11,598 shares of the company’s stock, valued at $3,783,847.50. The trade was a 7.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,828 shares of company stock worth $34,482,846 over the last ninety days. Company 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.