Wealth Enhancement Advisory Services LLC Grows Position in MongoDB, Inc. $MDB

Wealth Enhancement Advisory Services LLC grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 21.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 26,247 shares of the company’s stock after buying an additional 4,644 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in MongoDB were worth $8,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after buying an additional 744,547 shares in the last quarter. State Street Corp boosted its position in shares of MongoDB by 5.0% during the second quarter. State Street Corp now owns 1,693,194 shares of the company’s stock worth $355,554,000 after buying an additional 80,334 shares during the period. Geode Capital Management LLC raised its holdings in shares of MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock valued at $292,597,000 after buying an additional 68,611 shares during the period. AQR Capital Management LLC lifted its stake in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after acquiring an additional 1,069,969 shares in the last quarter. Finally, Primecap Management Co. CA boosted its holdings in MongoDB by 20.1% during the 2nd quarter. Primecap Management Co. CA now owns 1,045,719 shares of the company’s stock valued at $219,591,000 after acquiring an additional 175,169 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of MDB opened at $398.69 on Friday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The firm has a 50-day simple moving average of $396.41 and a 200-day simple moving average of $326.48. The company has a market capitalization of $32.45 billion, a price-to-earnings ratio of -458.26 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

MDB has been the topic of several research reports. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Truist Financial increased their target price on shares of MongoDB from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 price target on shares of MongoDB in a report on Monday, January 5th. Bank of America boosted their target price on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Rosenblatt Securities raised their target price on MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $422.29.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 1,139 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $388.31, for a total transaction of $442,285.09. Following the completion of the transaction, the director owned 81,652 shares of the company’s stock, valued at approximately $31,706,288.12. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the sale, the chief accounting officer directly owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 82,162 shares of company stock worth $32,384,092. 3.10% of the stock is owned by company insiders.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.