Fox Run Management L.L.C. Decreases Stock Position in MongoDB, Inc. $MDB

Fox Run Management L.L.C. decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 89.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,570 shares of the company’s stock after selling 14,013 shares during the period. Fox Run Management L.L.C.’s holdings in MongoDB were worth $487,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MDB. Montag A & Associates Inc. boosted its stake in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Promus Capital LLC purchased a new position in shares of MongoDB in the second quarter worth $36,000. TD Private Client Wealth LLC lifted its stake in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares during the period. Hollencrest Capital Management purchased a new stake in shares of MongoDB during the third quarter valued at $37,000. Finally, Westside Investment Management Inc. increased its position in shares of MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction on Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the sale, the director owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This trade represents a 11.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,190 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the sale, the director directly owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,353 shares of company stock valued at $25,440,798 over the last ninety days. 3.10% of the stock is owned by corporate insiders.

MongoDB Stock Performance

Shares of MongoDB stock opened at $328.47 on Friday. The firm has a 50-day simple moving average of $385.52 and a two-hundred day simple moving average of $349.91. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The company has a market cap of $26.73 billion, a P/E ratio of -377.55 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm earned $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 research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on MDB shares. Cantor Fitzgerald boosted their price target on MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. BMO Capital Markets decreased their target price on MongoDB from $455.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday. Canaccord Genuity Group increased their price target on shares of MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. DA Davidson decreased their price objective on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Rosenblatt Securities upped their price objective on shares of MongoDB from $385.00 to $425.00 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-six have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $416.15.

About MongoDB

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.