Virtus Wealth Solutions LLC Acquires Shares of 1,765 MongoDB, Inc. $MDB

Virtus Wealth Solutions LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the third quarter, HoldingsChannel reports. The institutional investor bought 1,765 shares of the company’s stock, valued at approximately $548,000.

A number of other hedge funds also recently modified their holdings of MDB. TD Private Client Wealth LLC grew its holdings in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares during the last quarter. Hollencrest Capital Management acquired a new stake in MongoDB during the 3rd quarter worth approximately $37,000. Westside Investment Management Inc. grew its holdings in MongoDB by 82.1% during the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after acquiring an additional 55 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in MongoDB by 85.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock worth $44,000 after acquiring an additional 65 shares during the last quarter. Finally, Rossby Financial LCC increased its position in MongoDB by 120.8% in the 3rd quarter. Rossby Financial LCC now owns 159 shares of the company’s stock valued at $51,000 after acquiring an additional 87 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MDB shares. 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. Monness Crespi & Hardt lifted their target price on MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Barclays raised their price objective on MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Oppenheimer reduced their target price on MongoDB from $490.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $416.15.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the transaction, the director owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This trade represents a 11.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 62,353 shares of company stock worth $25,440,798. Insiders own 3.10% of the company’s stock.

MongoDB Trading Up 0.8%

Shares of MDB opened at $314.99 on Thursday. The company has a market capitalization of $25.64 billion, a price-to-earnings ratio of -362.06 and a beta of 1.38. The stock has a 50 day moving average of $389.33 and a 200 day moving average of $348.12. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $444.72.

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

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.