Covea Finance Cuts Stock Holdings in MongoDB, Inc. $MDB

by · The Cerbat Gem

Covea Finance lowered its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 23.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,200 shares of the company’s stock after selling 10,000 shares during the period. Covea Finance’s holdings in MongoDB were worth $9,994,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in MongoDB by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after purchasing an additional 744,547 shares during the period. State Street Corp boosted its stake in shares of MongoDB by 5.0% during the second quarter. State Street Corp now owns 1,693,194 shares of the company’s stock valued at $355,554,000 after purchasing an additional 80,334 shares during the period. Geode Capital Management LLC grew its holdings in shares of MongoDB by 5.2% in the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after purchasing an additional 68,611 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after buying an additional 129,451 shares during the period. Finally, AQR Capital Management LLC raised its holdings in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roelof Botha sold 24,850 shares of the stock in a transaction on 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 in the company, valued at approximately $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 79,969 shares of company stock worth $29,937,272. 3.10% of the stock is owned by insiders.

MongoDB Price Performance

NASDAQ:MDB opened at $435.25 on Friday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $440.67. The company’s 50-day simple moving average is $369.99 and its 200 day simple moving average is $296.17. The firm has a market capitalization of $35.42 billion, a P/E ratio of -500.29 and a beta of 1.45.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on MDB. Morgan Stanley raised their price target on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Barclays raised their target price on MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Canaccord Genuity Group upped their price target on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Stifel Nicolaus increased their price objective on MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, Argus boosted their target price on MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $414.97.

View Our Latest Stock Analysis on MongoDB

About MongoDB

(Free Report)

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.

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