Welch & Forbes LLC Cuts Holdings in MongoDB, Inc. $MDB

Welch & Forbes LLC reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,683 shares of the company’s stock after selling 3,151 shares during the period. Welch & Forbes LLC’s holdings in MongoDB were worth $7,040,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after buying an additional 744,547 shares during the period. State Street Corp lifted its stake in shares of MongoDB by 5.0% in the second quarter. State Street Corp now owns 1,693,194 shares of the company’s stock valued at $355,554,000 after purchasing an additional 80,334 shares during the period. Geode Capital Management LLC lifted its position in shares of MongoDB by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock valued at $292,597,000 after acquiring an additional 68,611 shares during the period. AQR Capital Management LLC boosted its position in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in MongoDB by 20.1% in the second quarter. Primecap Management Co. CA now owns 1,045,719 shares of the company’s stock valued at $219,591,000 after purchasing an additional 175,169 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $338.52, for a total transaction of $3,385,200.00. Following the sale, the director owned 1,055,316 shares of the company’s stock, valued at $357,245,572.32. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the company’s 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 owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 78,162 shares of company stock valued at $31,004,092. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDB. DA Davidson upped their target price on MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Citigroup boosted their target price on shares of MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $500.00 price objective on shares of MongoDB in a research note on Thursday, January 15th. Needham & Company LLC reissued a “buy” rating and issued a $500.00 price target on shares of MongoDB in a research note on Tuesday, January 20th. Finally, KeyCorp reiterated a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $422.29.

MongoDB Trading Down 0.7%

MDB stock opened at $371.33 on Friday. The firm has a 50 day simple moving average of $402.71 and a 200-day simple moving average of $332.19. The company has a market capitalization of $30.22 billion, a P/E ratio of -426.82 and a beta of 1.38. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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 return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same period in the prior year, the company posted $1.16 EPS. The business’s 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. On average, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

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.