North Dakota State Investment Board Invests $1.17 Million in MongoDB, Inc. $MDB

North Dakota State Investment Board bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, Holdings Channel reports. The firm bought 2,779 shares of the company’s stock, valued at approximately $1,166,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in MongoDB during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC raised its stake in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new stake in MongoDB during the 4th quarter valued at $33,000. Global Trust Asset Management LLC bought a new stake in MongoDB during the 4th quarter valued at $38,000. Finally, Huntington National Bank raised its stake in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America raised its price target on MongoDB and reiterated a Buy rating, citing confidence in demand trends, Atlas momentum, and execution across cloud and on-premise products. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed its Outperform rating and lifted its target to $395, saying MongoDB is well positioned for AI-related tailwinds and strong Atlas growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Positive Sentiment: Analyst sentiment remains favorable overall, with multiple Buy/Outperform ratings and recent targets ranging up to $450, reinforcing expectations for solid upcoming results. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Neutral Sentiment: MongoDB’s CEO pay disclosure highlighted very large compensation and heavy insider selling over the past six months, which may raise governance questions but was offset by the sales being tied in part to pre-arranged trading plans. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Negative Sentiment: Director Dwight Merriman sold additional shares recently, adding to a pattern of insider selling that could temper some enthusiasm around the stock. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

MongoDB Price Performance

Shares of NASDAQ MDB opened at $334.68 on Wednesday. The business’s 50-day moving average price is $265.03 and its two-hundred day moving average price is $335.65. MongoDB, Inc. has a one year low of $182.43 and a one year high of $444.72. The company has a market capitalization of $26.90 billion, a P/E ratio of -380.32 and a beta of 1.48.

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

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’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 owned 24,093 shares in the company, valued at $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the transaction, the director owned 993,316 shares in the company, valued at $295,998,234.84. This trade represents a 1.00% 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 sold 31,566 shares of company stock worth $8,744,791 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Rosenblatt Securities reiterated a “buy” rating and set a $425.00 price target on shares of MongoDB in a report on Monday, March 2nd. Wedbush lowered their price target on MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Finally, Truist Financial lowered their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $370.87.

About MongoDB

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.