Firetrail Investments PTY Ltd. Takes Position in MongoDB, Inc. $MDB

Firetrail Investments PTY Ltd. bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,420 shares of the company’s stock, valued at approximately $4,480,000. MongoDB comprises approximately 1.3% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its stake in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the period. International Assets Investment Management LLC bought a new position in MongoDB during the fourth quarter valued at $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB in the first quarter valued at $34,000. CX Institutional raised its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $460.33 on Monday. The stock has a market cap of $37.02 billion, a price-to-earnings ratio of -1,244.14, a price-to-earnings-growth ratio of 3,270.10 and a beta of 1.55. The firm has a 50-day moving average of $348.47 and a two-hundred day moving average of $316.93. MongoDB, Inc. has a 1 year low of $206.92 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. 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 posted $1.00 earnings per share. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Research analysts expect that MongoDB, Inc. will post 0.01 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the transaction, the director directly owned 150,550 shares in the company, valued at $59,929,438.50. The trade was a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 109,746 shares of company stock valued at $41,893,638 over the last 90 days. 2.60% of the stock is owned by insiders.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: RBC raised its price target to $515 from $395 and maintained an “outperform” rating, implying additional upside based on expectations for continued Atlas growth and stronger AI-related demand. Benzinga report
• Positive Sentiment: MongoDB introduced new AI retrieval capabilities for Atlas, including Voyage AI embedding and reranking models, automated embeddings, the voyage-code-4 model, and vector search through Atlas Stream Processing. These tools are designed to improve the accuracy and cost efficiency of AI applications and agents. MongoDB Atlas retrieval announcement
• Positive Sentiment: Atlas is being integrated directly into major agentic coding tools, including Claude Code, Codex, Grok Build, and Devin, through a fully managed MCP Server. The move could increase developer adoption and reinforce MongoDB’s position as a data platform for AI applications. MongoDB agentic coding announcement
• Neutral Sentiment: Investors are focused on MongoDB’s upcoming fiscal second-quarter results. RBC expects continued Atlas momentum and growth in MongoDB’s AI-native customer base, but the earnings report will need to validate those expectations. RBC Atlas growth preview
• Neutral Sentiment: September 1 has been flagged as an important date for MongoDB investors, potentially providing another near-term catalyst, though the available report does not specify the event details. September 1 MongoDB investor date

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MDB. BMO Capital Markets lifted their price target on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Wall Street Zen lowered shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Monness Crespi & Hardt raised their price objective on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Cantor Fitzgerald boosted their target price on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Needham & Company LLC upped their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $414.23.

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.