VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in MongoDB, Inc. $MDB

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,800 shares of the company’s stock, valued at approximately $976,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Parcion Private Wealth LLC grew its holdings in shares of MongoDB by 54.8% during the third quarter. Parcion Private Wealth LLC now owns 1,511 shares of the company’s stock valued at $527,000 after buying an additional 535 shares during the last quarter. Partners Wealth Management LLC purchased a new stake in MongoDB during the 3rd quarter valued at $373,000. Soltis Investment Advisors LLC purchased a new stake in shares of MongoDB during the third quarter valued at $254,000. Choreo LLC increased its holdings in MongoDB by 6.9% in the 3rd quarter. Choreo LLC now owns 2,616 shares of the company’s stock worth $912,000 after buying an additional 168 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new position in MongoDB in the 3rd quarter worth about $809,000. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In related news, Director Archana Agrawal sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director directly owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. This trade represents a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Hazard, Jr. sold 595 shares of MongoDB stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $350.46, for a total transaction of $208,523.70. Following the completion of the sale, the director owned 44,642 shares in the company, valued at approximately $15,645,235.32. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,465 shares of company stock worth $20,382,936 in the last three months. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MDB. Yorkville Ives assumed coverage on shares of MongoDB in a research report on Tuesday, October 6th. They set an “outperform” rating and a $430.00 price objective on the stock. Sanford C. Bernstein raised their target price on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a research note on Tuesday, October 13th. Mizuho set a $460.00 target price on shares of MongoDB in a research report on Tuesday, September 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $465.00 price target on shares of MongoDB in a research note on Wednesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $461.91.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Zacks added MDB to its Rank #1 (Strong Buy) growth-stocks list, a favorable screening signal that may support investor sentiment. Best Growth Stocks to Buy for November 4th
• Neutral Sentiment: MongoDB will report third-quarter fiscal 2027 results after the market closes on December 1 and hold a conference call that evening. The announcement sets the next scheduled update but contains no new financial results or outlook. MongoDB Announces Date of Third Quarter Fiscal 2027 Earnings Call
• Neutral Sentiment: The company appointed Alex Newman to lead its Australia and New Zealand business; the report did not describe an immediate financial impact. MongoDB appoints Alex Newman to lead Australia and New Zealand business
• Negative Sentiment: Directors disclosed sales of MongoDB shares totaling about 19,870 shares on November 2. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and the directors retained substantial holdings, which may limit the significance of the sales. MongoDB insider trades
• Negative Sentiment: Recent reports noted MDB falling while the broader market gained and alongside declines in Snowflake and Akamai, signaling near-term relative weakness without a clearly identified MongoDB-specific trigger. Snowflake, MongoDB, and Akamai shares are falling

MongoDB Stock Performance

MDB opened at $304.59 on Friday. The firm’s fifty day moving average is $375.91 and its 200 day moving average is $337.62. The stock has a market cap of $24.54 billion, a price-to-earnings ratio of 1,427.74, a price-to-earnings-growth ratio of 29.90 and a beta of 1.74. MongoDB, Inc. has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The business’s revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the business 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, equities research analysts predict that MongoDB, Inc. will post 0.50 earnings per share for the current year.

About MongoDB

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.