TrueMark Investments LLC Purchases 362 Shares of MongoDB, Inc. $MDB

TrueMark Investments LLC grew its position in MongoDB, Inc. (NASDAQ:MDB) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,781 shares of the company’s stock after buying an additional 362 shares during the period. TrueMark Investments LLC’s holdings in MongoDB were worth $1,424,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock valued at $1,369,833,000 after buying an additional 481,023 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after buying an additional 129,451 shares in the last quarter. Amundi boosted its holdings in shares of MongoDB by 53.0% in the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock valued at $173,378,000 after buying an additional 367,717 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of MongoDB in the 1st quarter valued at about $161,543,000. Finally, Primecap Management Co. CA boosted its holdings in shares of MongoDB by 863.5% in the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock valued at $152,694,000 after buying an additional 780,200 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Up 1.3%

MDB opened at $318.53 on Friday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The firm has a market capitalization of $25.92 billion, a PE ratio of -325.03 and a beta of 1.50. The firm has a 50 day moving average of $294.73 and a two-hundred day moving average of $229.95.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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 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 analysts’ expectations of $553.23 million. During the same period in the prior year, the business posted $0.70 earnings per share. The business’s quarterly 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. As a group, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MDB. Morgan Stanley raised their price target on shares of MongoDB from $255.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Stephens started coverage on shares of MongoDB in a research note on Friday, July 18th. They issued an “equal weight” rating and a $247.00 target price for the company. JMP Securities lifted their target price on shares of MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Friday, September 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of MongoDB in a research note on Wednesday, October 8th. Finally, Barclays lifted their target price on shares of MongoDB from $305.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $342.69.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 33,320 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the transaction, the chief executive officer directly owned 203,237 shares of the company’s stock, valued at approximately $61,233,275.73. This trade represents a 14.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at $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. Over the last quarter, insiders sold 122,163 shares of company stock valued at $36,886,482. 3.10% of the stock is owned by corporate insiders.

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.