West Tower Group LLC Invests $210,000 in MongoDB, Inc. $MDB

West Tower Group LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of MongoDB during the 1st quarter worth $25,000. Hollencrest Capital Management acquired a new stake in shares of MongoDB during the 1st quarter worth $26,000. Cullen Frost Bankers Inc. increased its holdings in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after buying an additional 120 shares during the last quarter. State of Wyoming acquired a new stake in shares of MongoDB during the 1st quarter worth $62,000. Finally, Brooklyn Investment Group increased its holdings in shares of MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock worth $71,000 after buying an additional 290 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of MDB opened at $318.53 on Monday. The stock’s 50-day moving average is $294.73 and its two-hundred day moving average is $230.42. The stock has a market cap of $25.92 billion, a PE ratio of -325.03 and a beta of 1.50. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The firm had revenue of $591.40 million during the quarter, compared to analysts’ expectations of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MDB. Rosenblatt Securities restated a “buy” rating and set a $290.00 price objective on shares of MongoDB in a report on Friday, August 22nd. Wells Fargo & Company initiated coverage on MongoDB in a report on Tuesday, September 30th. They set an “overweight” rating and a $430.00 price objective for the company. Robert W. Baird upped their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Bank of America upped their price target on shares of MongoDB from $345.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of MongoDB in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $342.69.

Insider Activity

In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This represents a 38.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,163 shares of company stock valued at $36,886,482. Corporate insiders own 3.10% of the company’s stock.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.