Styrax Capital LP Sells 60,207 Shares of MongoDB, Inc. $MDB

Styrax Capital LP decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 37.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,372 shares of the company’s stock after selling 60,207 shares during the quarter. MongoDB comprises approximately 3.3% of Styrax Capital LP’s investment portfolio, making the stock its 11th biggest holding. Styrax Capital LP’s holdings in MongoDB were worth $42,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MDB. Integrated Wealth Concepts LLC boosted its stake in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after acquiring an additional 327 shares during the last quarter. NewEdge Advisors LLC boosted its stake in MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after acquiring an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC bought a new position in MongoDB during the 2nd quarter worth approximately $329,000. Cresset Asset Management LLC boosted its stake in MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after acquiring an additional 370 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after acquiring an additional 2,697 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MDB. Truist Financial reduced their price objective on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Sanford C. Bernstein lowered shares of MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 3rd. Cantor Fitzgerald lifted their price target on shares of MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. UBS Group lifted their price target on shares of MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Citigroup reaffirmed a “buy” rating on shares of MongoDB in a research note on Monday, June 8th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $396.39.

Insider Buying and Selling at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the sale, the director owned 150,550 shares of the company’s stock, valued at $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the sale, the director directly owned 161,762 shares in the company, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 132,616 shares of company stock worth $47,588,794. Company insiders own 2.60% of the company’s stock.

MongoDB Stock Down 1.5%

Shares of MDB stock opened at $348.81 on Wednesday. The company’s fifty day simple moving average is $299.95 and its 200-day simple moving average is $335.21. The firm has a market cap of $28.05 billion, a PE ratio of -942.73, a P/E/G ratio of 1,277.37 and a beta of 1.57. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72.

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

MongoDB Company 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.