3,325 Shares in MongoDB, Inc. $MDB Purchased by Pinegrove Venture Partners LLC

Pinegrove Venture Partners LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,325 shares of the company’s stock, valued at approximately $1,032,000. MongoDB comprises 3.3% of Pinegrove Venture Partners LLC’s holdings, making the stock its 5th largest position.

Several other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of MongoDB by 209.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after purchasing an additional 3,077 shares during the last quarter. Triton Financial Group Inc purchased a new position in shares of MongoDB in the 2nd quarter worth about $782,000. Nordea Investment Management AB grew its position in MongoDB by 11.7% during the second quarter. Nordea Investment Management AB now owns 13,389 shares of the company’s stock valued at $2,814,000 after buying an additional 1,404 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in MongoDB by 8.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 27,521 shares of the company’s stock worth $5,779,000 after buying an additional 2,078 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in MongoDB during the third quarter worth about $40,014,000. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 2nd. Truist Financial lifted their price target on shares of MongoDB from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Royal Bank Of Canada set a $500.00 price objective on MongoDB in a report on Thursday, January 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 target price on shares of MongoDB in a research report on Monday, January 5th. Finally, Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $422.29.

MongoDB Price Performance

MongoDB stock opened at $411.25 on Tuesday. The firm has a market capitalization of $33.47 billion, a P/E ratio of -472.70 and a beta of 1.38. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The business has a fifty day moving average price of $397.85 and a 200-day moving average price of $328.67.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the prior year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $338.52, for a total transaction of $3,385,200.00. Following the sale, the director directly owned 1,055,316 shares in the company, valued at $357,245,572.32. This trade represents a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 78,162 shares of company stock worth $31,004,092. 3.10% of the stock is owned by company insiders.

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.