Fluent Financial LLC Decreases Holdings in MongoDB, Inc. $MDB

Fluent Financial LLC reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 60.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,972 shares of the company’s stock after selling 3,066 shares during the quarter. Fluent Financial LLC’s holdings in MongoDB were worth $612,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Independence Bank of Kentucky lifted its stake in MongoDB by 147.0% during the third quarter. Independence Bank of Kentucky now owns 3,125 shares of the company’s stock worth $970,000 after purchasing an additional 1,860 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in MongoDB in the third quarter valued at approximately $246,000. Voya Investment Management LLC raised its holdings in MongoDB by 503.1% during the third quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock worth $222,474,000 after purchasing an additional 597,937 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of MongoDB during the 3rd quarter worth approximately $255,000. Finally, Congress Park Capital LLC acquired a new position in shares of MongoDB in the 3rd quarter valued at $313,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $311.62, for a total value of $3,116,200.00. Following the transaction, the director directly owned 1,069,316 shares of the company’s stock, valued at approximately $333,220,251.92. The trade was a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roelof Botha sold 24,850 shares of the firm’s 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 sale, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This trade represents a 11.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,969 shares of company stock worth $36,374,672 in the last three months. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MDB. Monness Crespi & Hardt upped their price objective on shares of MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Wedbush lifted their target price on MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Guggenheim raised their price target on MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Sanford C. Bernstein lifted their price target on MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $414.97.

MongoDB Stock Up 1.2%

Shares of MDB stock opened at $430.18 on Friday. The stock’s 50-day moving average price is $360.34 and its 200 day moving average price is $290.53. The stock has a market capitalization of $35.01 billion, a PE ratio of -494.46 and a beta of 1.45. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $432.55.

MongoDB (NASDAQ:MDB) last announced its 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 company had revenue of $628.31 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business 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. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.