Primecap Management Co. CA Cuts Position in MongoDB, Inc. $MDB

Primecap Management Co. CA decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 989,279 shares of the company’s stock after selling 56,440 shares during the period. Primecap Management Co. CA’s holdings in MongoDB were worth $307,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its position in shares of MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the period. Hollencrest Capital Management purchased a new position in MongoDB in the 3rd quarter valued at approximately $37,000. Westside Investment Management Inc. increased its stake in MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in MongoDB by 85.5% during the third quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock worth $44,000 after purchasing an additional 65 shares during the last quarter. Finally, Rossby Financial LCC boosted its position in MongoDB by 120.8% during the third quarter. Rossby Financial LCC now owns 159 shares of the company’s stock worth $51,000 after purchasing an additional 87 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

MongoDB stock opened at $314.99 on Thursday. The stock has a market capitalization of $25.64 billion, a P/E ratio of -362.06 and a beta of 1.38. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72. The firm’s 50-day moving average is $389.33 and its two-hundred day moving average is $348.12.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $592.98 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This represents a 11.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director directly owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,353 shares of company stock valued at $25,440,798 in the last quarter. 3.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 target price on shares of MongoDB in a report on Monday, January 5th. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. KeyCorp restated a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Sanford C. Bernstein upped their price target on shares of MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, DA Davidson lowered their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $417.82.

MongoDB 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.