Savant Capital LLC Purchases 1,534 Shares of MongoDB, Inc. $MDB

Savant Capital LLC lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 89.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,245 shares of the company’s stock after acquiring an additional 1,534 shares during the period. Savant Capital LLC’s holdings in MongoDB were worth $1,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cherry Creek Investment Advisors Inc. raised its holdings in MongoDB by 37.1% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 10,960 shares of the company’s stock worth $3,402,000 after purchasing an additional 2,963 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of MongoDB by 42.1% in the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after acquiring an additional 39,978 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after acquiring an additional 55 shares in the last quarter. Allianz Asset Management GmbH lifted its position in MongoDB by 395.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 17,138 shares of the company’s stock valued at $5,319,000 after acquiring an additional 13,678 shares during the period. Finally, Callan Family Office LLC boosted its stake in MongoDB by 15.1% during the third quarter. Callan Family Office LLC now owns 1,197 shares of the company’s stock worth $372,000 after acquiring an additional 157 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Trading Up 5.6%

MongoDB stock opened at $377.68 on Wednesday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $444.72. The stock has a fifty day simple moving average of $404.39 and a two-hundred day simple moving average of $340.06. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of -434.11 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 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 company had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same period last year, the firm posted $1.16 earnings per share. MongoDB’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, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction that occurred 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 directly owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This trade represents a 11.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 72,353 shares of company stock worth $28,825,998. 3.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Raymond James Financial started coverage on shares of MongoDB in a research note on Monday, December 15th. They set a “market perform” rating for the company. Sanford C. Bernstein upped their price target on MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Monness Crespi & Hardt lifted their price objective on MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. UBS Group boosted their target price on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Finally, Guggenheim raised their price target on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MongoDB currently 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.