MongoDB, Inc. $MDB is Glynn Capital Management LLC’s 10th Largest Position

Glynn Capital Management LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,652 shares of the company’s stock after buying an additional 11,933 shares during the period. MongoDB comprises about 5.1% of Glynn Capital Management LLC’s holdings, making the stock its 10th largest position. Glynn Capital Management LLC owned approximately 0.13% of MongoDB worth $22,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Hollencrest Capital Management bought a new position in MongoDB during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. raised 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 valued at $28,000 after purchasing an additional 120 shares during the last quarter. Montag A & Associates Inc. lifted its position in shares of MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. True Wealth Design LLC boosted its holdings in MongoDB by 1,193.8% during the second quarter. True Wealth Design LLC now owns 207 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares during the last quarter. Finally, State of Wyoming bought a new stake in MongoDB in the 1st quarter worth about $62,000. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Canaccord Genuity Group increased their price target on MongoDB from $340.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Citizens Jmp lifted their price target on MongoDB from $375.00 to $435.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 4th. Sanford C. Bernstein boosted their price objective on MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Finally, DA Davidson raised their target price on MongoDB from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $354.97.

MongoDB Stock Down 0.7%

Shares of MDB opened at $371.42 on Wednesday. The stock has a market cap of $30.22 billion, a PE ratio of -379.00 and a beta of 1.52. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $385.44. The business’s 50-day moving average price is $330.32 and its 200-day moving average price is $253.42.

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

Insider Activity

In other news, CEO Dev Ittycheria sold 33,320 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $301.29, for a total value of $10,038,982.80. Following the completion of the sale, the chief executive officer directly owned 203,237 shares in the company, valued at approximately $61,233,275.73. The trade was a 14.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of MongoDB stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director owned 32,293 shares in the company, valued at approximately $10,394,147.91. This represents a 38.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 108,492 shares of company stock valued at $34,213,359. 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.