Welch & Forbes LLC Sells 3,151 Shares of MongoDB, Inc. $MDB

Welch & Forbes LLC cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 12.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,683 shares of the company’s stock after selling 3,151 shares during the quarter. Welch & Forbes LLC’s holdings in MongoDB were worth $7,040,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of MongoDB by 209.0% in the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after acquiring an additional 3,077 shares in the last quarter. Pinegrove Venture Partners LLC purchased a new stake in shares of MongoDB during the 3rd quarter worth about $1,032,000. Triton Financial Group Inc bought a new position in MongoDB in the second quarter worth $782,000. Rakuten Investment Management Inc. bought a new stake in MongoDB in the third quarter valued at approximately $40,014,000. Finally, Nordea Investment Management AB lifted its stake in MongoDB by 11.7% in the 2nd quarter. Nordea Investment Management AB now owns 13,389 shares of the company’s stock valued at $2,814,000 after purchasing an additional 1,404 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,139 shares of MongoDB stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $388.31, for a total transaction of $442,285.09. Following the completion of the sale, the director owned 81,652 shares of the company’s stock, valued at approximately $31,706,288.12. This trade represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the transaction, the chief accounting officer owned 10,784 shares in the company, valued at $4,463,066.24. This represents a 4.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 78,162 shares of company stock valued at $31,004,092. 3.10% of the stock is owned by insiders.

MongoDB Stock Performance

NASDAQ:MDB opened at $371.33 on Friday. The stock has a market cap of $30.22 billion, a price-to-earnings ratio of -426.82 and a beta of 1.38. The business’s 50-day simple moving average is $402.71 and its 200 day simple moving average is $332.19. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same quarter last year, the business posted $1.16 EPS. The company’s revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MDB shares. Citigroup increased their price objective on MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Guggenheim raised their price objective on MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Macquarie lifted their price target on shares of MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Morgan Stanley boosted their target price on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Raymond James Financial started coverage on shares of MongoDB in a research report on Monday, December 15th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $422.29.

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.