Ground Swell Capital LLC Acquires Shares of 2,208 MongoDB, Inc. $MDB

Ground Swell Capital LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,208 shares of the company’s stock, valued at approximately $685,000. MongoDB makes up approximately 1.5% of Ground Swell Capital LLC’s holdings, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after buying an additional 744,547 shares during the period. State Street Corp raised its holdings in shares of MongoDB by 5.0% in the second quarter. State Street Corp now owns 1,693,194 shares of the company’s stock worth $355,554,000 after buying an additional 80,334 shares during the period. Geode Capital Management LLC lifted its stake in shares of MongoDB by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after acquiring an additional 68,611 shares during the last quarter. AQR Capital Management LLC increased its stake in MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares during the period. Finally, Primecap Management Co. CA grew its holdings in shares of MongoDB by 20.1% in the second quarter. Primecap Management Co. CA now owns 1,045,719 shares of the company’s stock worth $219,591,000 after purchasing an additional 175,169 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Down 2.1%

MongoDB stock opened at $356.74 on Friday. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $444.72. The firm has a market cap of $29.04 billion, a price-to-earnings ratio of -410.05 and a beta of 1.38. The business’s 50-day moving average price is $402.76 and its 200 day moving average price is $340.35.

MongoDB (NASDAQ:MDB) last posted its 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 during 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 business’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MDB shares. Monness Crespi & Hardt increased their price objective on MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Stifel Nicolaus raised their target price on shares of MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a research note on Monday, December 29th. DA Davidson upped their price objective on MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Mizuho lifted their price target on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $422.29.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director owned 25,659 shares in the company, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 555 shares of the stock in a transaction dated 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 sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. The trade was a 4.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 62,353 shares of company stock valued at $25,440,798. 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.