VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in MongoDB, Inc. $MDB

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,800 shares of the company’s stock, valued at approximately $976,000.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of MongoDB by 0.3% in the first quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after buying an additional 1,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after purchasing an additional 195,250 shares in the last quarter. Amundi boosted its holdings in MongoDB by 17.8% in the 1st quarter. Amundi now owns 376,447 shares of the company’s stock valued at $92,143,000 after purchasing an additional 56,888 shares during the period. Dimensional Fund Advisors LP boosted its stake in MongoDB by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 373,992 shares of the company’s stock valued at $91,514,000 after buying an additional 11,606 shares during the period. Finally, Sei Investments Co. grew its position in MongoDB by 125.3% during the first quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after buying an additional 204,446 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, Director Archana Agrawal sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $400.00, for a total value of $400,000.00. Following the completion of the transaction, the director owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. This represents a 18.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $348.92, for a total value of $3,489,200.00. Following the sale, the director owned 942,953 shares in the company, valued at $329,015,160.76. This represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,465 shares of company stock worth $20,382,936 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Zacks added MDB to its Rank #1 (Strong Buy) growth-stocks list, a favorable screening signal that may support investor sentiment. Best Growth Stocks to Buy for November 4th
• Neutral Sentiment: MongoDB will report third-quarter fiscal 2027 results after the market closes on December 1 and hold a conference call that evening. The announcement sets the next scheduled update but contains no new financial results or outlook. MongoDB Announces Date of Third Quarter Fiscal 2027 Earnings Call
• Neutral Sentiment: The company appointed Alex Newman to lead its Australia and New Zealand business; the report did not describe an immediate financial impact. MongoDB appoints Alex Newman to lead Australia and New Zealand business
• Negative Sentiment: Directors disclosed sales of MongoDB shares totaling about 19,870 shares on November 2. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and the directors retained substantial holdings, which may limit the significance of the sales. MongoDB insider trades
• Negative Sentiment: Recent reports noted MDB falling while the broader market gained and alongside declines in Snowflake and Akamai, signaling near-term relative weakness without a clearly identified MongoDB-specific trigger. Snowflake, MongoDB, and Akamai shares are falling

Analyst Ratings Changes

Several brokerages have recently commented on MDB. Mizuho set a $460.00 price objective on MongoDB in a report on Tuesday, September 29th. BMO Capital Markets lowered their price target on MongoDB from $450.00 to $420.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. Needham & Company LLC reiterated a “buy” rating and set a $430.00 price objective on shares of MongoDB in a research report on Tuesday, October 13th. Monness Crespi & Hardt boosted their target price on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Finally, William Blair reissued an “outperform” rating on shares of MongoDB in a research note on Monday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $461.91.

MongoDB Stock Down 7.2%

Shares of MDB opened at $304.59 on Friday. The stock has a market capitalization of $24.54 billion, a P/E ratio of 1,427.74, a PEG ratio of 29.90 and a beta of 1.74. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The firm has a fifty day simple moving average of $375.91 and a two-hundred day simple moving average of $337.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results 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 company had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the previous year, the business earned $1.00 EPS. MongoDB’s revenue 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. Sell-side analysts expect that MongoDB, Inc. will post 0.50 EPS for the current fiscal year.

MongoDB Profile

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.