Candriam S.C.A. Buys 35,730 Shares of MongoDB, Inc. $MDB

Candriam S.C.A. lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 32.2% during the 3rd quarter, Holdings Channel reports. The firm owned 146,786 shares of the company’s stock after acquiring an additional 35,730 shares during the period. Candriam S.C.A.’s holdings in MongoDB were worth $45,559,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Montag A & Associates Inc. raised its holdings in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares during the last quarter. Promus Capital LLC purchased a new position in shares of MongoDB in the second quarter valued at about $36,000. TD Private Client Wealth LLC raised its stake in shares of MongoDB by 2,825.0% during the third 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 last quarter. Hollencrest Capital Management bought a new position in shares of MongoDB during the third quarter valued at about $37,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director owned 25,659 shares in the company, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the transaction, the director directly owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. This represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 78,353 shares of company stock worth $31,060,758 in the last three months. 3.10% of the stock is owned by corporate insiders.

MongoDB Stock Up 5.5%

MDB opened at $344.50 on Monday. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $444.72. The stock has a market cap of $28.04 billion, a PE ratio of -395.98 and a beta of 1.38. The business has a 50 day moving average of $404.30 and a 200-day moving average of $338.24.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million during 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 firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MDB shares. Stifel Nicolaus boosted their price target on MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Wedbush lifted their price objective on MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Canaccord Genuity Group raised their price target on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Oppenheimer reiterated an “outperform” rating on shares of MongoDB in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $422.29.

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.