Vanguard Group Inc. Acquires 744,547 Shares of MongoDB, Inc. $MDB

Vanguard Group Inc. grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,554,315 shares of the company’s stock after buying an additional 744,547 shares during the quarter. Vanguard Group Inc. owned 10.47% of MongoDB worth $1,796,321,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in MongoDB by 20.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after buying an additional 249 shares during the period. Acadian Asset Management LLC increased its stake in shares of MongoDB by 181.8% during the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after buying an additional 362,705 shares during the period. Red Spruce Capital LLC raised its holdings in shares of MongoDB by 11.8% during the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,426 shares in the last quarter. Triton Financial Group Inc purchased a new stake in MongoDB in the second quarter worth $782,000. Finally, Jones Financial Companies Lllp boosted its holdings in MongoDB by 875.2% in the first quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock valued at $1,745,000 after acquiring an additional 8,927 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, CEO Dev Ittycheria sold 33,320 shares of MongoDB stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $301.29, for a total value of $10,038,982.80. Following the completion of the transaction, the chief executive officer owned 203,237 shares of the company’s stock, valued at $61,233,275.73. The trade was a 14.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the sale, the director directly owned 1,079,316 shares in the company, valued at $345,543,017.40. This trade represents a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 124,492 shares of company stock worth $39,833,319 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wedbush upped their price objective on shares of MongoDB from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Citizens Jmp boosted their price target on shares of MongoDB from $375.00 to $435.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 4th. Citigroup increased their price target on shares of MongoDB from $425.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC upped their target price on MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $355.39.

MongoDB Stock Performance

MDB stock opened at $321.18 on Friday. The firm has a 50 day moving average price of $332.78 and a 200-day moving average price of $261.68. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $385.44. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of -327.73 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The company had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last 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. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

About MongoDB

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.