MongoDB, Inc. $MDB Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 42.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,036 shares of the company’s stock after purchasing an additional 39,978 shares during the period. Penserra Capital Management LLC owned 0.17% of MongoDB worth $41,910,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MDB. Integrated Wealth Concepts LLC grew its stake in shares of MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares during the period. NewEdge Advisors LLC grew its position in MongoDB by 55.0% during the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after acquiring an additional 1,504 shares during the period. Sivia Capital Partners LLC acquired a new stake in MongoDB during the second quarter worth about $329,000. Ascent Group LLC purchased a new position in shares of MongoDB in the 2nd quarter worth about $202,000. Finally, Clarius Group LLC purchased a new position in shares of MongoDB in the 2nd quarter worth about $268,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

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 stock was 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 of the company’s stock, valued at approximately $31,706,288.12. This represents a 1.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the transaction, the chief accounting officer owned 10,784 shares in the company, valued at $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 77,163 shares of company stock worth $30,620,756. 3.10% of the stock is owned by corporate insiders.

MongoDB Trading Down 7.1%

MongoDB stock opened at $346.06 on Wednesday. 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 $28.17 billion, a P/E ratio of -397.77 and a beta of 1.38. The stock has a 50 day moving average of $403.83 and a 200-day moving average of $335.89.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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 firm had revenue of $628.31 million for 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%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior 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. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDB. Piper Sandler reissued an “overweight” rating and set a $490.00 target price (up previously from $400.00) on shares of MongoDB in a research report on Tuesday, December 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a research report on Monday, January 5th. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Citizens Jmp increased their price target on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a report on Tuesday, December 2nd. Finally, BMO Capital Markets raised their price objective on MongoDB from $415.00 to $455.00 and gave the company an “outperform” 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $422.29.

About MongoDB

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.