Elevation Point Wealth Partners LLC Acquires Shares of 499 MongoDB, Inc. $MDB

Elevation Point Wealth Partners LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 499 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jericho Capital Asset Management L.P. purchased a new position in MongoDB during the first quarter worth approximately $161,543,000. Primecap Management Co. CA increased its stake in shares of MongoDB by 863.5% in the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after acquiring an additional 780,200 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MongoDB by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after acquiring an additional 744,547 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of MongoDB during the 1st quarter valued at about $128,706,000. Finally, Acadian Asset Management LLC boosted its position in shares of MongoDB by 83.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,033,531 shares of the company’s stock valued at $217,009,000 after acquiring an additional 471,341 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on MDB. Wolfe Research lifted their target price on shares of MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Truist Financial lifted their price target on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Citizens Jmp upped their price objective on MongoDB from $375.00 to $435.00 and gave the company a “market outperform” rating in a report on Tuesday, November 4th. Needham & Company LLC raised their target price on MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, JMP Securities lifted their target price on MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $355.39.

MongoDB Stock Down 1.1%

NASDAQ:MDB opened at $328.87 on Tuesday. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $385.44. The stock’s fifty day moving average is $333.51 and its two-hundred day moving average is $268.89. The stock has a market capitalization of $26.76 billion, a price-to-earnings ratio of -335.58 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same quarter in the previous year, the business earned $1.16 EPS. The company’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. FY 2026 guidance at 4.760-4.800 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $383.72, for a total transaction of $63,697.52. Following the sale, the director owned 14,161 shares of the company’s stock, valued at approximately $5,433,858.92. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the transaction, the director directly owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 90,173 shares of company stock worth $29,484,646 over the last three months. Company insiders own 3.10% of the company’s stock.

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.