Swedbank AB Decreases Stake in MongoDB, Inc. $MDB

Swedbank AB reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 4.0% during the third quarter, HoldingsChannel reports. The fund owned 731,464 shares of the company’s stock after selling 30,800 shares during the quarter. Swedbank AB’s holdings in MongoDB were worth $227,032,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. DAVENPORT & Co LLC increased its stake in shares of MongoDB by 8.7% in the third quarter. DAVENPORT & Co LLC now owns 3,378 shares of the company’s stock worth $1,048,000 after purchasing an additional 270 shares in the last quarter. GLOBALT Investments LLC GA purchased a new stake in shares of MongoDB during the 3rd quarter valued at approximately $274,000. Evanson Asset Management LLC bought a new position in MongoDB in the 3rd quarter worth approximately $213,000. Independence Bank of Kentucky boosted its holdings in MongoDB by 147.0% in the 3rd quarter. Independence Bank of Kentucky now owns 3,125 shares of the company’s stock worth $970,000 after buying an additional 1,860 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in MongoDB in the 3rd quarter valued at approximately $246,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the director directly owned 194,600 shares in the company, valued at $78,978,410. The trade was a 11.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 79,969 shares of company stock valued at $29,937,272 over the last quarter. Company insiders own 3.10% of the company’s stock.

MongoDB Stock Down 0.6%

MongoDB stock opened at $437.13 on Wednesday. The stock has a market cap of $35.58 billion, a price-to-earnings ratio of -502.45 and a beta of 1.45. The business has a 50-day simple moving average of $365.22 and a 200 day simple moving average of $294.21. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $440.67.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group increased their target price on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. KeyCorp reiterated a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. DA Davidson increased their price objective on MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald lifted their target price on MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Wells Fargo & Company upped their price target on MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $414.97.

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.