Peregrine Investment Management Inc. Buys 5,240 Shares of MongoDB, Inc. $MDB

Peregrine Investment Management Inc. grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 23.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,240 shares of the company’s stock after purchasing an additional 5,240 shares during the period. MongoDB comprises about 4.2% of Peregrine Investment Management Inc.’s holdings, making the stock its 13th largest holding. Peregrine Investment Management Inc.’s holdings in MongoDB were worth $8,455,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Ground Swell Capital LLC purchased a new stake in shares of MongoDB in the 3rd quarter valued at $685,000. Caisse Des Depots ET Consignations bought a new stake in MongoDB in the third quarter worth $341,000. Savvy Advisors Inc. purchased a new stake in MongoDB during the third quarter valued at about $274,000. Cibc World Market Inc. grew its stake in shares of MongoDB by 26.0% during the third quarter. Cibc World Market Inc. now owns 3,236 shares of the company’s stock valued at $1,004,000 after buying an additional 667 shares during the last quarter. Finally, Caprock Group LLC bought a new position in shares of MongoDB during the third quarter valued at about $1,184,000. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the transaction, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $417.83, for a total value of $4,178,300.00. Following the completion of the transaction, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 62,353 shares of company stock valued at $25,440,798. Company insiders own 3.10% of the company’s stock.

MongoDB Stock Down 2.1%

Shares of MDB stock opened at $356.74 on Friday. The firm has a market capitalization of $29.04 billion, a PE ratio of -410.05 and a beta of 1.38. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $444.72. The company has a 50 day moving average price of $402.76 and a 200-day moving average price of $340.35.

MongoDB (NASDAQ:MDB) last announced 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. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities boosted their target price on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a research report on Monday, January 5th. Stifel Nicolaus increased their price objective on MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. BMO Capital Markets upped their price target on shares of MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $422.29.

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.