Penserra Capital Management LLC Raises Holdings in MongoDB, Inc. $MDB

Penserra Capital Management LLC grew its holdings in MongoDB, Inc. (NASDAQ:MDB) by 36.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 95,058 shares of the company’s stock after buying an additional 25,168 shares during the quarter. Penserra Capital Management LLC’s holdings in MongoDB were worth $19,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in shares of MongoDB by 20.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after purchasing an additional 249 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after purchasing an additional 362,705 shares during the period. Red Spruce Capital LLC lifted its stake in shares of MongoDB by 11.8% in the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,426 shares during the period. Jones Financial Companies Lllp boosted its holdings in MongoDB by 875.2% during the first quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after buying an additional 8,927 shares in the last quarter. Finally, Triton Financial Group Inc acquired a new position in MongoDB during the second quarter worth about $782,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $361.04 on Friday. The stock has a fifty day moving average of $328.09 and a two-hundred day moving average of $249.32. The company has a market capitalization of $29.37 billion, a price-to-earnings ratio of -368.41 and a beta of 1.52. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $385.44.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). The company 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 firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior 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, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of MongoDB in a research report on Wednesday, October 8th. Stephens initiated coverage on MongoDB in a report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price target on the stock. Citigroup reaffirmed a “market outperform” rating on shares of MongoDB in a report on Tuesday. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, UBS Group raised their price target on MongoDB from $310.00 to $330.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.97.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the transaction, the director owned 24,308 shares of the company’s stock, valued at $7,971,322.44. The trade was a 4.61% decrease in their ownership of the stock. 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 that occurred on 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 transaction, the director directly owned 1,079,316 shares in the company, valued at $345,543,017.40. The trade was a 2.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 108,492 shares of company stock worth $34,213,359 in the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

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.