Proficio Capital Partners LLC Makes New Investment in MongoDB, Inc. $MDB

Proficio Capital Partners LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,355 shares of the company’s stock, valued at approximately $455,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. ValueAct Holdings L.P. increased its stake in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares during the period. Norges Bank bought a new position in MongoDB in the 4th quarter worth approximately $574,821,000. AQR Capital Management LLC grew its stake in shares of MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Amundi increased its holdings in shares of MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares during the period. Finally, Capital World Investors raised its stake in shares of MongoDB by 129.1% during the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after purchasing an additional 552,434 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal Q2 revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations of approximately $1.62. MongoDB fiscal second-quarter results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting revenue of approximately $2.99 billion to $3.03 billion and adjusted EPS of $6.39 to $6.58. Third-quarter guidance also topped consensus, with revenue of $756 million to $761 million and EPS of $1.57 to $1.61. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Atlas remained a key growth engine, while Enterprise Advanced revenue increased approximately 36%. Management also cited growing adoption of AI workloads across customer-facing and operational applications. MongoDB Q2 earnings call highlights
• Neutral Sentiment: Analyst opinion remained broadly constructive. Goldman Sachs raised its price target to $520, while Barclays, Mizuho, Scotiabank and Rosenblatt also increased targets. However, UBS and several other firms reduced targets, citing valuation or growth concerns, though most maintained positive ratings.
• Negative Sentiment: Atlas revenue growth of approximately 29% was viewed as insufficient by investors expecting a faster acceleration. Analysts described the quarter as high quality but noted that Atlas growth was broadly consistent with recent periods rather than showing the anticipated inflection. Analysts discuss MongoDB Atlas growth
• Negative Sentiment: Investors also reacted to higher AI and infrastructure spending, which could pressure margins, and to management’s indication that a meaningful Atlas growth inflection may be several quarters away. The sharp selloff suggests the market was priced for stronger near-term growth despite the earnings beat and raised outlook. AI infrastructure costs weigh on MongoDB shares

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $375.40 on Thursday. The stock has a market capitalization of $30.19 billion, a price-to-earnings ratio of 528.73, a PEG ratio of 2,412.28 and a beta of 1.58. MongoDB, Inc. has a 1-year low of $215.68 and a 1-year high of $473.10. The company has a 50 day moving average price of $371.38 and a 200 day moving average price of $322.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.07% and a net margin of 2.12%.The company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the prior year, the company earned $1.00 earnings per share. The firm’s revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post 0.01 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the director directly owned 29,326 shares of the company’s stock, valued at approximately $10,264,100. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 40,696 shares of company stock valued at $16,098,655 over the last three months. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $465.00 price target on shares of MongoDB in a research report on Wednesday. Wall Street Zen lowered shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Scotiabank reissued an “outperform” rating on shares of MongoDB in a report on Wednesday. Bank of America boosted their target price on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Oppenheimer increased their price target on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $471.81.

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.