MongoDB, Inc. $MDB Shares Sold by Styrax Capital LP

Styrax Capital LP cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 45.7% in the 1st quarter, Holdings Channel reports. The firm owned 55,000 shares of the company’s stock after selling 46,372 shares during the period. MongoDB makes up approximately 0.9% of Styrax Capital LP’s portfolio, making the stock its 17th largest holding. Styrax Capital LP’s holdings in MongoDB were worth $13,462,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its position in MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after acquiring an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MongoDB during the second quarter valued at $329,000. Cresset Asset Management LLC lifted its stake in MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after buying an additional 370 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after acquiring an additional 2,697 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

Shares of MongoDB stock opened at $298.22 on Monday. The firm has a fifty day moving average of $336.75 and a two-hundred day moving average of $319.53. The stock has a market capitalization of $23.99 billion, a price-to-earnings ratio of -806.00, a PEG ratio of 1,222.21 and a beta of 1.55. MongoDB, Inc. has a 52 week low of $198.47 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same period last year, the company earned $1.00 EPS. The firm’s revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of several research analyst reports. Citigroup reissued a “buy” rating on shares of MongoDB in a research note on Monday, June 8th. KGI Securities assumed coverage on shares of MongoDB in a report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price objective for the company. Canaccord Genuity Group increased their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Wedbush raised their price objective on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Monness Crespi & Hardt lifted their price target on MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $405.35.

Insider Activity

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the sale, the director directly owned 161,762 shares in the company, valued at $61,980,727.92. This represents a 19.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the sale, the director directly owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. The trade was a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 127,746 shares of company stock valued at $47,343,538. 2.60% of the stock is currently owned by company insiders.

MongoDB Profile

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.