MongoDB, Inc. $MDB Shares Bought by AlphaQuest LLC

AlphaQuest LLC grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 373.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,078 shares of the company’s stock after purchasing an additional 2,428 shares during the period. AlphaQuest LLC’s holdings in MongoDB were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Montag A & Associates Inc. lifted its holdings in MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Promus Capital LLC purchased a new position in shares of MongoDB during the 2nd quarter valued at approximately $36,000. TD Private Client Wealth LLC increased its holdings in shares of MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of MongoDB in the 3rd quarter valued at $37,000. Finally, True Wealth Design LLC boosted its holdings in MongoDB by 1,193.8% during the second quarter. True Wealth Design LLC now owns 207 shares of the company’s stock worth $43,000 after buying an additional 191 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Up 0.4%

Shares of MDB opened at $372.68 on Tuesday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $444.72. The stock has a market cap of $30.33 billion, a PE ratio of -428.37 and a beta of 1.38. The firm’s fifty day moving average is $403.55 and its two-hundred day moving average is $335.01.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. MongoDB’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 EPS. 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, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on MDB shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a report on Monday, January 5th. KeyCorp reaffirmed a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Monness Crespi & Hardt increased their price target on MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. Finally, Cantor Fitzgerald upped their target price on MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $422.29.

Insider Buying and Selling

In other news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the sale, the director owned 194,600 shares in the company, valued at $78,978,410. This trade represents a 11.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,139 shares of MongoDB 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 sale, the director directly owned 81,652 shares in the company, valued at approximately $31,706,288.12. The trade was a 1.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 77,163 shares of company stock worth $30,620,756 in the last three months. Company insiders own 3.10% of the company’s stock.

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.