Proem Advisors LLC Invests $7.29 Million in MongoDB, Inc. $MDB

Proem Advisors LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to its most recent filing with the SEC. The firm acquired 23,489 shares of the company’s stock, valued at approximately $7,291,000. MongoDB comprises approximately 0.8% of Proem Advisors LLC’s holdings, making the stock its 17th biggest holding.

Other hedge funds have also modified their holdings of the company. Montag A & Associates Inc. grew its position in MongoDB by 144.3% in the 2nd 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 last quarter. Promus Capital LLC acquired a new stake in shares of MongoDB during the 2nd quarter valued at about $36,000. TD Private Client Wealth LLC lifted its position in shares of MongoDB by 2,825.0% in the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares in the last quarter. True Wealth Design LLC raised its position in shares of MongoDB by 1,193.8% in the second quarter. True Wealth Design LLC now owns 207 shares of the company’s stock valued at $43,000 after buying an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in MongoDB by 79.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MDB. Royal Bank Of Canada set a $500.00 price objective on MongoDB in a research report on Thursday, January 15th. Stifel Nicolaus upped their price objective on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Truist Financial lifted their price objective on MongoDB from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. BMO Capital Markets boosted their price target on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Citigroup lifted their price objective on shares of MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $422.29.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Needham & Company reiterated its Buy rating on MDB, reinforcing institutional confidence in growth and likely supporting demand for shares. Needham Reiterates Buy
• Positive Sentiment: Truist reiterated a Buy rating after a positive local San Francisco event, which can boost sentiment among growth-oriented investors. Truist Reiterates Buy
• Positive Sentiment: MDB was included in media lists recommending software names to buy for exposure to cloud-native / AI tailwinds, which can attract retail and thematic ETF flows. Software Stocks to Buy
• Neutral Sentiment: Analysis piece examines MDB’s valuation after a recent pullback and highlights a DCF “fair value gap” — useful for longer-term investors but not an immediate catalyst. Valuation Assessment
• Neutral Sentiment: Coverage noting that Nasdaq index funds track cloud-native software (including MongoDB) may support passive inflows over time; not an immediate driver but structurally positive. Index Fund Coverage
• Positive Sentiment: Unusually large call option purchases were reported (36,130 calls), which often signals bullish speculative positioning or hedged buy-side activity and can amplify upside in the underlying shares. (news aggregation)
• Negative Sentiment: At the same time, large put option activity was also reported (23,831 puts) and separate reports highlighted heavy put buying; this indicates some traders are hedging or betting on a pullback, adding volatility risk. Large Put Options
• Neutral Sentiment: Yahoo Finance roundup noted MDB among several software names trading up — useful confirmation of broad market interest but not a standalone catalyst. Market Roundup

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the transaction, the director owned 25,659 shares in the company, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $338.52, for a total value of $3,385,200.00. Following the completion of the sale, the director directly owned 1,055,316 shares in the company, valued at $357,245,572.32. This represents a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 82,162 shares of company stock worth $32,384,092 over the last three months. Corporate insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

Shares of MDB opened at $404.64 on Friday. The stock has a 50-day moving average price of $395.49 and a 200 day moving average price of $324.35. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The company has a market capitalization of $32.93 billion, a P/E ratio of -465.10 and a beta of 1.38.

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 research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.