Pacer Advisors Inc. Boosts Position in MongoDB, Inc. $MDB

Pacer Advisors Inc. raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 209.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,549 shares of the company’s stock after buying an additional 3,077 shares during the period. Pacer Advisors Inc.’s holdings in MongoDB were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of MongoDB by 46.2% during the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after acquiring an additional 54 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in MongoDB by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock worth $770,000 after purchasing an additional 60 shares during the period. Carnegie Investment Counsel raised its position in MongoDB by 3.6% during the 2nd quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock valued at $379,000 after purchasing an additional 62 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of MongoDB by 6.2% in the 2nd quarter. New York Life Investment Management LLC now owns 1,236 shares of the company’s stock worth $260,000 after buying an additional 72 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of MongoDB by 6.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company’s stock worth $279,000 after buying an additional 85 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roelof Botha sold 24,850 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the sale, the director owned 194,600 shares in the company, valued at $78,978,410. The trade was a 11.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 79,969 shares of company stock valued at $29,937,272 in the last ninety days. Corporate insiders own 3.10% of the company’s stock.

MongoDB Stock Down 0.4%

NASDAQ:MDB opened at $419.69 on Friday. The stock has a market capitalization of $34.16 billion, a price-to-earnings ratio of -482.40 and a beta of 1.37. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $440.67. The firm has a 50 day moving average of $379.84 and a 200 day moving average of $303.55.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping 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 business had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. 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, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Rosenblatt Securities lifted their price objective on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald boosted their price target on shares of MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. KeyCorp reiterated a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Sanford C. Bernstein lifted their price objective on shares of MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, Needham & Company LLC boosted their price objective on shares of MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $414.97.

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.