Banque Cantonale Vaudoise Boosts Stake in MongoDB, Inc. $MDB

Banque Cantonale Vaudoise raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 88.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,808 shares of the company’s stock after purchasing an additional 3,190 shares during the quarter. Banque Cantonale Vaudoise’s holdings in MongoDB were worth $2,857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Vanguard Group Inc. raised its holdings in shares of MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after buying an additional 431,382 shares during the period. ValueAct Holdings L.P. raised its holdings in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the period. State Street Corp raised its holdings in shares of MongoDB by 3.7% in the 3rd quarter. State Street Corp now owns 1,756,628 shares of the company’s stock valued at $545,222,000 after buying an additional 63,434 shares during the period. Amundi raised its holdings in shares of MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares during the period. Finally, Jericho Capital Asset Management L.P. raised its holdings in shares of MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: BMO Capital raised its price target on MongoDB to $360 from $285, citing durable growth potential and a strong position in the database market. MongoDB (MDB) Remains Well-Positioned In The Database Market And Has Durable Growth Potential, Says BMO Capital
• Positive Sentiment: Bank of America lifted its target to $375 and reiterated a Buy rating, saying demand trends and execution remain strong, especially for Atlas and other cloud offerings. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed an Outperform rating and increased its target to $395, reinforcing the bullish view that MongoDB can benefit from AI-related workload growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Neutral Sentiment: Robert W. Baird raised its price target to $335 from $260 but kept a Neutral rating, signaling improved expectations without turning fully bullish.
• Neutral Sentiment: Recent commentary also highlighted MongoDB’s AI data-platform push, including new integrations and performance upgrades, which could support longer-term growth if adoption continues. Is MongoDB’s (MDB) All-in-One AI Data Push Quietly Reshaping Its Long-Term Competitive Moat?
• Negative Sentiment: Insider selling remains a concern, with director Dwight Merriman recently disclosing share sales, which can weigh on investor sentiment even when done under a pre-arranged plan. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MDB shares. Wedbush cut their price objective on MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Stifel Nicolaus cut their price objective on MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings downgraded MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Truist Financial cut their price objective on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Oppenheimer cut their price objective on MongoDB from $425.00 to $375.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $373.37.

Insider Activity

In other news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the completion of the transaction, the director directly owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 31,566 shares of company stock valued at $8,744,791. Insiders own 3.10% of the company’s stock.

MongoDB Price Performance

MDB opened at $329.14 on Thursday. MongoDB, Inc. has a 12 month low of $182.43 and a 12 month high of $444.72. The stock has a market capitalization of $26.45 billion, a price-to-earnings ratio of -374.02 and a beta of 1.48. The business has a fifty day moving average price of $266.18 and a 200 day moving average price of $335.52.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.MongoDB’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS. On average, research analysts anticipate that MongoDB, Inc. will post -0.46 earnings per share for the current year.

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.