Pinkerton Wealth LLC Buys Shares of 2,954 MongoDB, Inc. $MDB

Pinkerton Wealth LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,954 shares of the company’s stock, valued at approximately $1,240,000.

Other large investors have also modified their holdings of the company. Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of MongoDB by 897.7% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock valued at $17,938,000 after purchasing an additional 52,002 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MongoDB by 1,277.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after purchasing an additional 16,896 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of MongoDB by 42.1% in the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after purchasing an additional 39,978 shares during the period. Pinegrove Venture Partners LLC purchased a new stake in shares of MongoDB in the third quarter valued at approximately $1,032,000. Finally, Kinetic Partners Management LP boosted its holdings in shares of MongoDB by 27.2% in the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after purchasing an additional 41,810 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: BMO Capital raised its price target on MongoDB to $360 from $285, citing durable growth potential and a strong position in the database market. MongoDB (MDB) Remains Well-Positioned In The Database Market And Has Durable Growth Potential, Says BMO Capital
• Positive Sentiment: Bank of America lifted its target to $375 and reiterated a Buy rating, saying demand trends and execution remain strong, especially for Atlas and other cloud offerings. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed an Outperform rating and increased its target to $395, reinforcing the bullish view that MongoDB can benefit from AI-related workload growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Neutral Sentiment: Robert W. Baird raised its price target to $335 from $260 but kept a Neutral rating, signaling improved expectations without turning fully bullish.
• Neutral Sentiment: Recent commentary also highlighted MongoDB’s AI data-platform push, including new integrations and performance upgrades, which could support longer-term growth if adoption continues. Is MongoDB’s (MDB) All-in-One AI Data Push Quietly Reshaping Its Long-Term Competitive Moat?
• Negative Sentiment: Insider selling remains a concern, with director Dwight Merriman recently disclosing share sales, which can weigh on investor sentiment even when done under a pre-arranged plan. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MDB shares. Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. BMO Capital Markets boosted their price target on MongoDB from $285.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, May 15th. UBS Group lowered their price target on MongoDB from $440.00 to $275.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Citigroup boosted their price target on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Cantor Fitzgerald lowered their price target on MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $373.37.

MongoDB Stock Down 1.7%

Shares of NASDAQ:MDB opened at $329.14 on Thursday. The company has a market capitalization of $26.45 billion, a price-to-earnings ratio of -374.02 and a beta of 1.48. MongoDB, Inc. has a 52 week low of $182.43 and a 52 week high of $444.72. The firm has a 50 day moving average of $266.18 and a 200 day moving average of $335.52.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. On average, sell-side analysts expect that MongoDB, Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the transaction, the director owned 993,316 shares of the company’s stock, valued at $295,998,234.84. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,566 shares of company stock valued at $8,744,791 in the last three months. 3.10% of the stock is currently owned by insiders.

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.