Knollwood Investment Advisory LLC Reduces Stock Position in MongoDB, Inc. $MDB

Knollwood Investment Advisory LLC cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 24.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,250 shares of the company’s stock after selling 1,353 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in MongoDB were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MDB. Root Financial Partners LLC raised its position in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of MongoDB by 3.1% in the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock worth $377,000 after buying an additional 34 shares during the last quarter. HighPoint Advisor Group LLC grew its position in shares of MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after buying an additional 36 shares during the last quarter. Basecamp Wealth Advisors LLC increased its stake in shares of MongoDB by 14.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $70,000 after buying an additional 36 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of MongoDB by 3.4% during the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Up 2.4%

NASDAQ MDB opened at $384.45 on Friday. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The firm has a market capitalization of $30.92 billion, a PE ratio of 541.48, a P/E/G ratio of 2,085.56 and a beta of 1.58. The stock’s 50 day moving average is $373.19 and its 200 day moving average is $322.51.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, research analysts anticipate that MongoDB, Inc. will post 0.01 earnings per share for the current year.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal second-quarter revenue of $771.8 million, up 30.5% year over year, while adjusted earnings of $1.90 per share exceeded consensus by $0.28. The company also raised its fiscal 2027 revenue and earnings outlook, supported by Atlas, Enterprise Advanced and early artificial-intelligence workloads. MDB Q2 Earnings Beat Estimates on Atlas & EA Strength, Outlook Raised
• Positive Sentiment: Analyst sentiment has generally strengthened after the earnings report. Scotiabank raised its target to $440, Goldman Sachs to $520, Barclays to $480 and Mizuho to $460, while Bernstein and Morgan Stanley maintained Buy ratings. These actions suggest analysts view the recent selloff as excessive relative to MongoDB’s growth and long-term AI opportunity. These Analysts Revise Their Forecasts on MongoDB After Q2 Results
• Neutral Sentiment: Management said the expected Atlas growth inflection could still be several quarters away. While AI adoption and customer additions are encouraging, investors are waiting for clearer evidence that cloud growth will accelerate rather than remain near recent levels. MongoDB CEO Surprised and Disappointed by Stock Plunge
• Negative Sentiment: The earnings beat failed to meet exceptionally high expectations for Atlas and AI-driven growth. MongoDB’s premium valuation leaves little room for execution missteps, while concerns about infrastructure spending, cloud-consumption costs and a broader rotation from software toward AI hardware could limit multiple expansion. UBS and BMO lowered their price targets, despite retaining Neutral and Outperform ratings, respectively. Why MongoDB Shares Are Plunging Today

Insider Activity

In related news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the transaction, the director directly owned 29,326 shares of the company’s stock, valued at $10,264,100. This trade represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the sale, the director directly owned 452,896 shares in the company, valued at $204,595,768. The trade was a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 40,696 shares of company stock worth $16,098,655. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MDB shares. Guggenheim restated a “buy” rating and set a $560.00 target price on shares of MongoDB in a report on Wednesday. Royal Bank Of Canada reduced their price objective on shares of MongoDB from $515.00 to $465.00 and set an “outperform” rating on the stock in a research report on Wednesday. Evercore began coverage on shares of MongoDB in a report on Friday, August 21st. They issued an “outperform” rating and a $525.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of MongoDB from $475.00 to $465.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Truist Financial lifted their target price on shares of MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $471.81.

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.