Wedbush Securities Inc. Cuts Position in MongoDB, Inc. $MDB

Wedbush Securities Inc. trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 48.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,091 shares of the company’s stock after selling 1,932 shares during the period. Wedbush Securities Inc.’s holdings in MongoDB were worth $649,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Caisse Des Depots ET Consignations acquired a new position in MongoDB during the 3rd quarter worth about $341,000. Savvy Advisors Inc. acquired a new position in MongoDB in the 3rd quarter valued at about $274,000. Cibc World Market Inc. increased its stake in MongoDB by 26.0% during the third quarter. Cibc World Market Inc. now owns 3,236 shares of the company’s stock worth $1,004,000 after purchasing an additional 667 shares during the period. Caprock Group LLC acquired a new stake in shares of MongoDB during the third quarter worth about $1,184,000. Finally, Advisors Asset Management Inc. lifted its position in shares of MongoDB by 120.6% during the third quarter. Advisors Asset Management Inc. now owns 2,821 shares of the company’s stock worth $876,000 after purchasing an additional 1,542 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MDB shares. Guggenheim upped their target price on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Scotiabank boosted their price target on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 2nd. Rosenblatt Securities lifted their target price on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Sanford C. Bernstein boosted their target price on MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Finally, DA Davidson upped their price target on MongoDB from $415.00 to $465.00 and gave the stock 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $422.29.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $368.40 on Friday. The business has a 50-day moving average of $401.94 and a two-hundred day moving average of $341.91. The company has a market capitalization of $29.98 billion, a price-to-earnings ratio of -423.45 and a beta of 1.38. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The business 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 business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior 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. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the business’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 directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the transaction, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This 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 62,353 shares of company stock worth $25,440,798 over the last 90 days. 3.10% of the stock is owned by corporate insiders.

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.