Knollwood Investment Advisory LLC Lowers Position in MongoDB, Inc. $MDB

Knollwood Investment Advisory LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 24.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,250 shares of the company’s stock after selling 1,353 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in MongoDB were worth $1,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Root Financial Partners LLC raised its stake in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of MongoDB by 3.1% in the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock worth $377,000 after buying an additional 34 shares during the last quarter. HighPoint Advisor Group LLC raised its position in shares of MongoDB by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after buying an additional 36 shares in the last quarter. Basecamp Wealth Advisors LLC raised its position in shares of MongoDB by 14.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $70,000 after buying an additional 36 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in shares of MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of several research reports. Barclays upped their target price on shares of MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday. Evercore initiated coverage on MongoDB in a research report on Friday, August 21st. They set an “outperform” rating and a $525.00 price target on the stock. The Goldman Sachs Group lifted their price target on MongoDB from $453.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho increased their price objective on MongoDB from $400.00 to $460.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus dropped their target price on MongoDB from $475.00 to $465.00 and set a “buy” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $471.81.

MongoDB Stock Up 2.4%

MongoDB stock opened at $384.45 on Friday. The firm has a fifty day simple moving average of $373.19 and a two-hundred day simple moving average of $322.51. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The company has a market capitalization of $30.92 billion, a PE ratio of 541.48, a P/E/G ratio of 2,085.56 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same period last year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, equities analysts expect that MongoDB, Inc. will post 0.01 earnings per share for the current fiscal year.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal second-quarter revenue of $771.8 million, up 30.5% year over year, while adjusted earnings of $1.90 per share exceeded consensus by $0.28. The company also raised its fiscal 2027 revenue and earnings outlook, supported by Atlas, Enterprise Advanced and early artificial-intelligence workloads. MDB Q2 Earnings Beat Estimates on Atlas & EA Strength, Outlook Raised
• Positive Sentiment: Analyst sentiment has generally strengthened after the earnings report. Scotiabank raised its target to $440, Goldman Sachs to $520, Barclays to $480 and Mizuho to $460, while Bernstein and Morgan Stanley maintained Buy ratings. These actions suggest analysts view the recent selloff as excessive relative to MongoDB’s growth and long-term AI opportunity. These Analysts Revise Their Forecasts on MongoDB After Q2 Results
• Neutral Sentiment: Management said the expected Atlas growth inflection could still be several quarters away. While AI adoption and customer additions are encouraging, investors are waiting for clearer evidence that cloud growth will accelerate rather than remain near recent levels. MongoDB CEO Surprised and Disappointed by Stock Plunge
• Negative Sentiment: The earnings beat failed to meet exceptionally high expectations for Atlas and AI-driven growth. MongoDB’s premium valuation leaves little room for execution missteps, while concerns about infrastructure spending, cloud-consumption costs and a broader rotation from software toward AI hardware could limit multiple expansion. UBS and BMO lowered their price targets, despite retaining Neutral and Outperform ratings, respectively. Why MongoDB Shares Are Plunging Today

Insider Buying and Selling

In other MongoDB news, Director Hope Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total value of $538,782.30. Following the transaction, the director directly owned 25,444 shares of the company’s stock, valued at $8,754,008.20. The trade was a 5.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Berry sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,696 shares of company stock worth $16,098,655 in the last ninety days. 2.60% of the stock is owned by 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.