Cooper Creek Partners Management LLC Has $32.73 Million Stock Position in MongoDB, Inc. $MDB

Cooper Creek Partners Management LLC boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 25.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 155,872 shares of the company’s stock after purchasing an additional 31,449 shares during the period. MongoDB comprises about 1.0% of Cooper Creek Partners Management LLC’s investment portfolio, making the stock its 28th biggest position. Cooper Creek Partners Management LLC’s holdings in MongoDB were worth $32,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of MongoDB by 30.4% in the first quarter. LPL Financial LLC now owns 47,830 shares of the company’s stock valued at $8,389,000 after acquiring an additional 11,160 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in MongoDB by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the company’s stock valued at $415,000 after purchasing an additional 435 shares in the last quarter. Vanguard Group Inc. boosted its stake in MongoDB by 6.6% in the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after purchasing an additional 481,023 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in MongoDB in the first quarter worth $779,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MongoDB by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 312,846 shares of the company’s stock worth $54,873,000 after purchasing an additional 17,633 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Charles M. Hazard, Jr. sold 833 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $326.13, for a total value of $271,666.29. Following the completion of the sale, the director owned 44,867 shares in the company, valued at approximately $14,632,474.71. This represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $410.00, for a total value of $1,640,000.00. Following the completion of the transaction, the director directly owned 1,051,316 shares in the company, valued at $431,039,560. The trade was a 0.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 95,172 shares of company stock valued at $31,450,450. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MDB. Macquarie lifted their price target on MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Piper Sandler restated an “overweight” rating and issued a $490.00 price objective (up previously from $400.00) on shares of MongoDB in a research report on Tuesday. Wedbush boosted their target price on shares of MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Robert W. Baird upped their target price on shares of MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Monness Crespi & Hardt raised their price target on shares of MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $415.39.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $409.62 on Friday. The stock has a market cap of $33.33 billion, a price-to-earnings ratio of -470.83 and a beta of 1.45. The company has a 50 day moving average of $340.44 and a 200-day moving average of $274.32. MongoDB, Inc. has a one year low of $140.78 and a one year high of $419.50.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same period last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.