OFI Invest Asset Management Cuts Stock Position in MongoDB, Inc. $MDB

OFI Invest Asset Management cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 8.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,400 shares of the company’s stock after selling 302 shares during the quarter. OFI Invest Asset Management’s holdings in MongoDB were worth $714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of MongoDB in the first quarter valued at $25,000. Hollencrest Capital Management purchased a new position in shares of MongoDB in the first quarter valued at $26,000. Cullen Frost Bankers Inc. grew its holdings in shares of MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. State of Wyoming purchased a new position in shares of MongoDB in the first quarter valued at $62,000. Finally, Brooklyn Investment Group grew its holdings in shares of MongoDB by 247.9% in the first quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after purchasing an additional 290 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Trading Down 5.1%

NASDAQ:MDB opened at $314.44 on Monday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The company has a market cap of $25.58 billion, a price-to-earnings ratio of -320.86 and a beta of 1.50. The stock has a fifty day simple moving average of $285.61 and a 200-day simple moving average of $225.45.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of a number of recent research reports. Macquarie raised their target price on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Stephens started coverage on MongoDB in a research report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price target for the company. Needham & Company LLC raised their price target on MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. BMO Capital Markets raised their price target on MongoDB from $315.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. Finally, Scotiabank raised their price target on MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $342.69.

Insider Buying and Selling at MongoDB

In other news, Director Charles M. Hazard, Jr. sold 166 shares of MongoDB stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total transaction of $51,460.00. Following the completion of the sale, the director directly owned 14,493 shares in the company, valued at approximately $4,492,830. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, September 8th. The stock was sold at an average price of $326.25, for a total value of $326,250.00. Following the sale, the chief accounting officer owned 11,598 shares of the company’s stock, valued at approximately $3,783,847.50. This trade represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,163 shares of company stock valued at $31,862,322. 3.10% of the stock is owned by company insiders.

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.