MYDA Advisors LLC Sells 3,500 Shares of MongoDB, Inc. $MDB

MYDA Advisors LLC cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 22.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,000 shares of the company’s stock after selling 3,500 shares during the period. MongoDB comprises about 1.0% of MYDA Advisors LLC’s holdings, making the stock its 25th largest holding. MYDA Advisors LLC’s holdings in MongoDB were worth $5,036,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in MongoDB in the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC boosted its stake in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB in the fourth quarter valued at approximately $33,000. Root Financial Partners LLC boosted its stake in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in MongoDB in the fourth quarter valued at approximately $38,000. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Performance

MDB opened at $342.80 on Monday. The stock has a market capitalization of $27.57 billion, a P/E ratio of -926.49, a P/E/G ratio of 1,236.33 and a beta of 1.57. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72. The firm’s fifty day simple moving average is $296.01 and its 200 day simple moving average is $334.89.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations 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 was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. 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 research analysts predict that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the sale, the director directly owned 150,550 shares of the company’s stock, valued at $59,929,438.50. The trade was a 22.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director directly owned 27,010 shares in the company, valued at $9,453,500. This trade represents a 3.57% 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. Over the last 90 days, insiders sold 116,616 shares of company stock valued at $41,956,174. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Mizuho lifted their price target on shares of MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. 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 report on Friday, May 29th. Monness Crespi & Hardt lifted their price target on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Barclays lifted their price target on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

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.