Apollon Wealth Management LLC Acquires Shares of 1,303 MongoDB, Inc. $MDB

Apollon Wealth Management LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,303 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MDB. Wedbush Securities Inc. lifted its position in shares of MongoDB by 2.6% during the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company’s stock worth $530,000 after buying an additional 77 shares during the last quarter. Arizona State Retirement System grew its position in MongoDB by 0.4% in the first quarter. Arizona State Retirement System now owns 21,504 shares of the company’s stock valued at $3,772,000 after acquiring an additional 83 shares during the last quarter. Farther Finance Advisors LLC raised its stake 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 in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in MongoDB by 0.7% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,240 shares of the company’s stock worth $2,498,000 after acquiring an additional 95 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Up 1.3%

Shares of NASDAQ:MDB opened at $318.53 on Friday. The firm has a market cap of $25.92 billion, a P/E ratio of -325.03 and a beta of 1.50. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The business has a fifty day simple moving average of $294.73 and a 200 day simple moving average of $229.95.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same period in the previous year, the company posted $0.70 EPS. The company’s quarterly revenue was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the sale, the director directly owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. This represents a 4.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the sale, the chief accounting officer owned 11,598 shares of the company’s stock, valued at approximately $3,783,847.50. This trade represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,163 shares of company stock worth $36,886,482. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of MongoDB from $310.00 to $330.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Needham & Company LLC boosted their target price on shares of MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Scotiabank upped their price target on shares of MongoDB from $280.00 to $320.00 and gave the stock a “sector perform” rating in a report on Friday, September 19th. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Wells Fargo & Company began coverage on MongoDB in a research report on Tuesday, September 30th. They set an “overweight” rating and a $430.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $342.69.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.