MongoDB, Inc. $MDB Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 13.2% in the third quarter, HoldingsChannel.com reports. The firm owned 10,700 shares of the company’s stock after selling 1,629 shares during the quarter. Teacher Retirement System of Texas’ holdings in MongoDB were worth $3,321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDB. Integrated Wealth Concepts LLC raised 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 worth $239,000 after buying an additional 327 shares during the period. NewEdge Advisors LLC grew its stake in MongoDB by 55.0% in the 1st 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 purchased a new stake in MongoDB in the 2nd quarter worth $329,000. Farther Finance Advisors LLC raised its position in MongoDB by 6.8% during the second quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company’s stock worth $279,000 after acquiring an additional 85 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in MongoDB during the second quarter worth $1,969,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 0.2%

MDB stock opened at $411.04 on Thursday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $444.72. The stock has a market cap of $33.45 billion, a P/E ratio of -472.46 and a beta of 1.38. The company’s 50 day moving average is $400.80 and its two-hundred day moving average is $330.71.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same quarter last year, the company posted $1.16 earnings per share. The business’s quarterly 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. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,139 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $388.31, for a total value of $442,285.09. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the sale, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This trade represents a 11.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,162 shares of company stock valued at $31,004,092 over the last ninety days. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Citigroup boosted their price objective on MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Cantor Fitzgerald increased their target price on shares of MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Raymond James Financial initiated coverage on MongoDB in a research report on Monday, December 15th. They issued a “market perform” rating for the company. Finally, Bank of America upped their price objective on shares of MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $422.29.

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.