Oppenheimer & Co. Inc. Reduces Position in MongoDB, Inc. $MDB

Oppenheimer & Co. Inc. trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 71.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,241 shares of the company’s stock after selling 10,467 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in MongoDB were worth $1,316,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its holdings in shares of MongoDB by 6.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,016 shares of the company’s stock valued at $2,488,000 after purchasing an additional 486 shares during the last quarter. Candriam S.C.A. grew its holdings in MongoDB by 32.2% in the 3rd quarter. Candriam S.C.A. now owns 146,786 shares of the company’s stock valued at $45,559,000 after buying an additional 35,730 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in shares of MongoDB in the 3rd quarter worth $427,000. Smartleaf Asset Management LLC raised its holdings in shares of MongoDB by 155.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 457 shares of the company’s stock worth $145,000 after acquiring an additional 278 shares during the period. Finally, Appleton Partners Inc. MA acquired a new position in shares of MongoDB during the 3rd quarter valued at about $221,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the transaction, the director owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This trade represents a 1.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 555 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer directly owned 10,784 shares in the company, valued at $4,463,066.24. This represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 62,353 shares of company stock valued at $25,440,798 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

MDB has been the subject of several recent analyst reports. Citizens Jmp raised their price objective on shares of MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 2nd. DA Davidson raised their price target on shares of MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Sunday. Bank of America increased their price objective on MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Guggenheim lifted their target price on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two equities 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 stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $422.29.

MongoDB Trading Up 3.3%

MDB opened at $368.40 on Friday. The stock’s 50-day moving average price is $401.94 and its 200 day moving average price is $341.91. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72. The firm has a market cap of $29.98 billion, a price-to-earnings ratio of -423.45 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last released 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 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%.MongoDB’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

About MongoDB

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.