True Wealth Design LLC Raises Stake in MongoDB, Inc. $MDB

True Wealth Design LLC grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 1,193.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 207 shares of the company’s stock after buying an additional 191 shares during the quarter. True Wealth Design LLC’s holdings in MongoDB were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MDB. Envestnet Asset Management Inc. raised its position in MongoDB by 44.6% in the first quarter. Envestnet Asset Management Inc. now owns 127,425 shares of the company’s stock valued at $22,350,000 after purchasing an additional 39,311 shares during the period. Brown Advisory Inc. lifted its position in shares of MongoDB by 671.1% during the first quarter. Brown Advisory Inc. now owns 24,258 shares of the company’s stock worth $4,255,000 after purchasing an additional 21,112 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of MongoDB by 2.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 45,196 shares of the company’s stock valued at $7,956,000 after purchasing an additional 870 shares during the period. Alps Advisors Inc. boosted its stake in shares of MongoDB by 42.5% in the first quarter. Alps Advisors Inc. now owns 8,047 shares of the company’s stock valued at $1,411,000 after purchasing an additional 2,400 shares during the period. Finally, Xponance Inc. lifted its holdings in MongoDB by 3.2% in the 1st quarter. Xponance Inc. now owns 14,121 shares of the company’s stock worth $2,477,000 after buying an additional 444 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of a number of recent analyst reports. Macquarie raised their price objective on MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. BMO Capital Markets boosted their target price on shares of MongoDB from $365.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley lifted their target price on MongoDB from $325.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday. Sanford C. Bernstein increased their target price on MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Finally, Citizens Jmp upped their target price on shares of MongoDB from $375.00 to $435.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $354.97.

MongoDB Trading Up 1.5%

Shares of MongoDB stock opened at $361.04 on Friday. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $385.44. The stock has a market cap of $29.37 billion, a PE ratio of -368.41 and a beta of 1.52. The company’s 50-day moving average price is $328.09 and its two-hundred day moving average price is $250.00.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

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