Arkadios Wealth Advisors Invests $499,000 in MongoDB, Inc. $MDB

Arkadios Wealth Advisors acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,377 shares of the company’s stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Jericho Capital Asset Management L.P. bought a new stake in MongoDB during the 1st quarter valued at about $161,543,000. Primecap Management Co. CA raised its stake in shares of MongoDB by 863.5% during the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock valued at $152,694,000 after acquiring an additional 780,200 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of MongoDB during the first quarter valued at approximately $128,706,000. Vanguard Group Inc. raised its stake in shares of MongoDB by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock valued at $1,369,833,000 after acquiring an additional 481,023 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in MongoDB by 425.6% during the 1st quarter. Alyeska Investment Group L.P. now owns 556,144 shares of the company’s stock valued at $97,548,000 after purchasing an additional 450,336 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MDB shares. Macquarie lifted their target price on MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Oppenheimer lifted their price objective on MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. BMO Capital Markets boosted their price target on shares of MongoDB from $365.00 to $415.00 and gave the company an “outperform” rating in a report on Tuesday. Rosenblatt Securities boosted their price target on shares of MongoDB from $305.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Guggenheim boosted their price target on shares of MongoDB from $310.00 to $400.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $352.89.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the transaction, the director directly owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares in the company, valued at $345,543,017.40. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 107,493 shares of company stock worth $33,830,023 over the last 90 days. Insiders own 3.10% of the company’s stock.

MongoDB Stock Down 3.6%

MDB opened at $355.84 on Wednesday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $385.44. The company has a market cap of $28.95 billion, a P/E ratio of -363.10 and a beta of 1.52. The firm’s 50-day moving average price is $325.34 and its 200-day moving average price is $246.39.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same quarter in the previous year, the company posted $0.70 EPS. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. 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 EPS for the current fiscal year.

MongoDB Profile

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.