Pinegrove Venture Partners LLC Invests $1.03 Million in MongoDB, Inc. $MDB

Pinegrove Venture Partners LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,325 shares of the company’s stock, valued at approximately $1,032,000. MongoDB comprises 3.3% of Pinegrove Venture Partners LLC’s investment portfolio, making the stock its 5th largest holding.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of MongoDB by 46.2% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after buying an additional 54 shares during the last quarter. WPG Advisers LLC lifted its holdings in shares of MongoDB by 53.7% during the 3rd quarter. WPG Advisers LLC now owns 166 shares of the company’s stock worth $52,000 after acquiring an additional 58 shares during the last quarter. Main Management ETF Advisors LLC grew its position in MongoDB by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock worth $770,000 after acquiring an additional 60 shares in the last quarter. Versant Capital Management Inc increased its stake in MongoDB by 4.6% in the third quarter. Versant Capital Management Inc now owns 1,377 shares of the company’s stock valued at $427,000 after acquiring an additional 61 shares during the last quarter. Finally, Carnegie Investment Counsel increased its stake in MongoDB by 3.6% in the second quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock valued at $379,000 after acquiring an additional 62 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDB has been the subject of several research analyst reports. Robert W. Baird lifted their price target on MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Cantor Fitzgerald raised their price objective on MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Macquarie upped their target price on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, Monness Crespi & Hardt lifted their price target on shares of MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $422.29.

Insider Activity

In other news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the sale, the director owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 78,162 shares of company stock worth $31,004,092. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Price Performance

MDB opened at $411.25 on Tuesday. The stock’s 50 day simple moving average is $397.85 and its 200 day simple moving average is $328.67. The firm has a market cap of $33.47 billion, a price-to-earnings ratio of -472.70 and a beta of 1.38. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $444.72.

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

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.