IFG Advisory LLC Invests $2.32 Million in MongoDB, Inc. $MDB

IFG Advisory LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the third quarter, Holdings Channel reports. The firm bought 7,464 shares of the company’s stock, valued at approximately $2,317,000.

Several other institutional investors have also recently bought and sold shares of MDB. Vanguard Group Inc. lifted its position in MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after acquiring an additional 431,382 shares during the last quarter. State Street Corp increased its stake 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 purchasing an additional 80,334 shares during the period. Geode Capital Management LLC increased its stake in shares of MongoDB by 5.2% in the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after purchasing an additional 68,611 shares during the period. AQR Capital Management LLC lifted its position in shares of MongoDB by 2,567.2% during the 2nd 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 last quarter. Finally, Primecap Management Co. CA boosted its stake in MongoDB by 20.1% during the 2nd quarter. Primecap Management Co. CA now owns 1,045,719 shares of the company’s stock valued at $219,591,000 after purchasing an additional 175,169 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wedbush lowered their target price on MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $425.00 price objective on shares of MongoDB in a research report on Monday. Monness Crespi & Hardt lowered their price objective on shares of MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a research note on Monday, December 29th. Finally, Citigroup reduced their price target on shares of MongoDB from $435.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.18.

MongoDB Price Performance

Shares of MongoDB stock opened at $263.93 on Friday. The company’s fifty day moving average price is $372.37 and its two-hundred day moving average price is $350.67. The firm has a market capitalization of $21.48 billion, a PE ratio of -299.92, a price-to-earnings-growth ratio of 1,462.32 and a beta of 1.40. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. The business had revenue of $695.07 million for the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company expands AI capabilities — MongoDB announced new embedding models, vector search tools and APIs in Atlas to simplify building AI apps, a product push that supports long‑term revenue mix and Atlas adoption. MongoDB Expands AI Capabilities
• Positive Sentiment: Analyst upgrade — Scotiabank raised MDB from “sector perform” to “sector outperform” and lifted its price target to $310, signaling research confidence from at least one regional bank. Scotiabank Upgrade (Benzinga)
• Positive Sentiment: High price targets / buy ratings remain from several firms — Citigroup set a $400 PT and Rosenblatt reaffirmed a Buy rating, showing pockets of analyst conviction above current levels. Citigroup $400 PT
• Neutral Sentiment: Unusual options flow — Extremely large volumes of both calls (~36,130) and puts (~23,831) were traded, indicating speculative positioning and increased short‑term volatility rather than a clear directional bet.
• Neutral Sentiment: Mixed analyst target moves — A few shops trimmed targets (e.g., Canaccord to $375, UBS to $275) while others kept higher targets; the net effect is increased dispersion in expectations. Canaccord PT Cut UBS PT Cut
• Negative Sentiment: Guidance disappointed — Q4 results beat on revenue and EPS, but fiscal‑2027 guidance still implies operating losses (and management changes were announced), which triggered the prior session’s heavy selloff. Why MDB Is Down 19.1%
• Negative Sentiment: Downgrades and cautious notes — Zacks moved MDB from “strong‑buy” to “hold” and several firms expressed more conservative outlooks, adding pressure after the guidance miss. Zacks Downgrade
• Negative Sentiment: Analyst pessimism reported — Barclays and Monness issued more negative commentary/forecasts that contributed to the recent gap down and investor caution. Barclays Pessimistic Forecast Monness Notes

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 555 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer directly owned 10,784 shares in the company, valued at $4,463,066.24. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the transaction, the director owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 32,504 shares of company stock worth $13,389,622. Company 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.