IFG Advisory LLC Acquires Shares of 7,464 MongoDB, Inc. $MDB

IFG Advisory LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,464 shares of the company’s stock, valued at approximately $2,317,000.

A number of other large investors have also made changes to their positions in the company. Huntington National Bank boosted its stake in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. Montag A & Associates Inc. raised its stake in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the period. Promus Capital LLC purchased a new stake in shares of MongoDB in the second quarter valued at $36,000. TD Private Client Wealth LLC boosted its position in shares of MongoDB by 2,825.0% in the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares during the period. Finally, Hollencrest Capital Management purchased a new position in shares of MongoDB during the third quarter valued at $37,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 1,190 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the sale, the director directly owned 80,462 shares in the company, valued at approximately $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the transaction, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,504 shares of company stock worth $13,389,622. Corporate insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $263.93 on Friday. The company has a market capitalization of $21.48 billion, a P/E ratio of -299.92, a P/E/G ratio of 1,462.32 and a beta of 1.40. The stock’s 50 day moving average price is $372.37 and its 200 day moving average price is $350.67. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company expands AI capabilities — MongoDB announced new embedding models, vector search tools and APIs in Atlas to simplify building AI apps, a product push that supports long?term revenue mix and Atlas adoption. MongoDB Expands AI Capabilities
• Positive Sentiment: Analyst upgrade — Scotiabank raised MDB from “sector perform” to “sector outperform” and lifted its price target to $310, signaling research confidence from at least one regional bank. Scotiabank Upgrade (Benzinga)
• Positive Sentiment: High price targets / buy ratings remain from several firms — Citigroup set a $400 PT and Rosenblatt reaffirmed a Buy rating, showing pockets of analyst conviction above current levels. Citigroup $400 PT
• Neutral Sentiment: Unusual options flow — Extremely large volumes of both calls (~36,130) and puts (~23,831) were traded, indicating speculative positioning and increased short?term volatility rather than a clear directional bet.
• Neutral Sentiment: Mixed analyst target moves — A few shops trimmed targets (e.g., Canaccord to $375, UBS to $275) while others kept higher targets; the net effect is increased dispersion in expectations. Canaccord PT Cut UBS PT Cut
• Negative Sentiment: Guidance disappointed — Q4 results beat on revenue and EPS, but fiscal?2027 guidance still implies operating losses (and management changes were announced), which triggered the prior session’s heavy selloff. Why MDB Is Down 19.1%
• Negative Sentiment: Downgrades and cautious notes — Zacks moved MDB from “strong?buy” to “hold” and several firms expressed more conservative outlooks, adding pressure after the guidance miss. Zacks Downgrade
• Negative Sentiment: Analyst pessimism reported — Barclays and Monness issued more negative commentary/forecasts that contributed to the recent gap down and investor caution. Barclays Pessimistic Forecast Monness Notes

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Macquarie Infrastructure increased their price target on shares of MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Oppenheimer decreased their price target on shares of MongoDB from $425.00 to $375.00 and set an “outperform” rating for the company in a report on Tuesday. Argus boosted their price objective on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $354.18.

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.