Nicholas Company Inc. Cuts Stock Holdings in MongoDB, Inc. $MDB

Nicholas Company Inc. lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 84.8% during the second quarter, Holdings Channel reports. The fund owned 42,035 shares of the company’s stock after selling 233,824 shares during the period. Nicholas Company Inc.’s holdings in MongoDB were worth $8,827,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of MongoDB during the first quarter worth $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB during the first quarter worth $26,000. Cullen Frost Bankers Inc. increased its position in shares of MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 120 shares during the period. State of Wyoming purchased a new stake in shares of MongoDB during the first quarter worth $62,000. Finally, Brooklyn Investment Group increased its position in shares of MongoDB by 247.9% during the first quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock worth $71,000 after acquiring an additional 290 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of MDB opened at $359.78 on Friday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of -367.12 and a beta of 1.50. The firm has a 50-day simple moving average of $319.50 and a 200-day simple moving average of $242.94.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The firm had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. MongoDB’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDB. Rosenblatt Securities reaffirmed a “buy” rating and set a $290.00 price objective on shares of MongoDB in a research report on Friday, August 22nd. Sanford C. Bernstein upped 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. Canaccord Genuity Group upped their price objective on MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Monness Crespi & Hardt boosted their target price on shares of MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Finally, Stifel Nicolaus boosted their target price on shares of MongoDB from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $342.69.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of MongoDB stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the sale, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, September 8th. The shares were sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer owned 11,598 shares in the company, valued at approximately $3,783,847.50. This trade represents a 7.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 107,493 shares of company stock worth $33,830,023. 3.10% of the stock is currently owned by insiders.

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.