Krilogy Financial LLC Invests $760,000 in MongoDB, Inc. $MDB

Krilogy Financial LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the third quarter, Holdings Channel reports. The institutional investor acquired 2,450 shares of the company’s stock, valued at approximately $760,000.

A number of other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after buying an additional 1,069,969 shares during the period. Norges Bank acquired a new position in shares of MongoDB in the 2nd quarter worth approximately $164,338,000. Vanguard Group Inc. boosted its position in shares of MongoDB by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after purchasing an additional 744,547 shares during the period. Voya Investment Management LLC increased its holdings in MongoDB by 503.1% in the 3rd quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock valued at $222,474,000 after purchasing an additional 597,937 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in MongoDB by 83.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,033,531 shares of the company’s stock valued at $217,009,000 after purchasing an additional 471,341 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of MDB opened at $368.40 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $444.72. The stock has a market capitalization of $29.98 billion, a PE ratio of -423.45 and a beta of 1.38. The stock has a 50-day simple moving average of $401.94 and a 200-day simple moving average of $341.21.

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

Wall Street Analyst Weigh In

MDB has been the topic of a number of research reports. DA Davidson upped their price target on MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a research note on Monday, December 29th. Scotiabank lifted their target price on MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 2nd. Stifel Nicolaus boosted their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Guggenheim raised their price objective on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.29.

Insider Activity

In related news, Director Dwight A. Merriman sold 1,190 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the sale, the director owned 80,462 shares in the company, valued at $29,750,824.50. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 555 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the transaction, the chief accounting officer owned 10,784 shares in the company, valued at $4,463,066.24. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,353 shares of company stock valued at $25,440,798 in the last 90 days. 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.