MongoDB, Inc. $MDB Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,341 shares of the company’s stock after buying an additional 3,145 shares during the quarter. Nordea Investment Management AB’s holdings in MongoDB were worth $7,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in MongoDB in the fourth quarter worth $28,000. Huntington National Bank lifted its holdings in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. Promus Capital LLC purchased a new stake in shares of MongoDB during the 2nd quarter worth $36,000. TD Private Client Wealth LLC boosted its position in shares of MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of MongoDB during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Appointment of a new Chief Revenue Officer, Ryan Mac Ban, to lead global sales and push AI / multi‑cloud go‑to‑market execution. Management frames this as support for the next phase of growth and stronger customer engagement. Article Title
• Positive Sentiment: Mizuho upgraded MongoDB, which can provide near‑term sentiment support and may attract buyers betting on improved go‑to‑market execution and AI-driven demand. Article Title
• Neutral Sentiment: Multiple short‑interest notices posted for March appear inconsistent or erroneous (reports list 0 shares / NaN changes and varying volumes). Current filings don’t provide a clear short‑interest signal to explain moves. (Internal short‑interest notices)
• Negative Sentiment: Management’s Atlas outlook flagged caution: consumption trends are moderating and enterprise spending remains cautious, suggesting Atlas growth may be slowing — a direct hit to revenue growth expectations for a cloud‑native database vendor. Article Title
• Negative Sentiment: Market reaction to Anthropic’s announcement that its Claude AI can control computers (imitating keystrokes/mouse actions) sparked worries that enterprise value could shift from application/database layers to an “intelligence” layer — potentially displacing legacy software vendors and pressuring MongoDB’s valuation. This was cited as a driver of an earlier intraday selloff. Article Title

Wall Street Analyst Weigh In

MDB has been the subject of a number of research analyst reports. Canaccord Genuity Group cut their price target on shares of MongoDB from $455.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Piper Sandler decreased their price objective on shares of MongoDB from $490.00 to $330.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. The Goldman Sachs Group lowered their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $425.00 target price on shares of MongoDB in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.24.

MongoDB Stock Down 2.8%

MongoDB stock opened at $246.54 on Thursday. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $444.72. The firm’s 50-day simple moving average is $329.63 and its 200 day simple moving average is $350.83. The firm has a market capitalization of $19.81 billion, a PE ratio of -280.16 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In other 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 transaction of $440,002.50. Following the completion of the transaction, the director directly 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 document filed with the SEC, which is available at this hyperlink. Insiders have sold 19,383 shares of company stock valued at $7,910,983 in the last quarter. 3.10% of the stock is owned by corporate insiders.

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.