Capelight Capital Asset Management LP Makes New Investment in MongoDB, Inc. $MDB

Capelight Capital Asset Management LP acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $1,224,000. MongoDB makes up about 0.9% of Capelight Capital Asset Management LP’s holdings, making the stock its 27th largest holding.

A number of other hedge funds have also recently made changes to their positions in the business. Cornerstone Planning Group LLC increased its holdings in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in MongoDB in the fourth quarter valued at about $28,000. Huntington National Bank grew its holdings in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. International Assets Investment Management LLC bought a new stake in shares of MongoDB in the fourth quarter valued at $33,000. Finally, Root Financial Partners LLC lifted its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Dev Ittycheria sold 40,000 shares of MongoDB 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 owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,130 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $334.25, for a total value of $377,702.50. Following the transaction, the director owned 982,953 shares of the company’s stock, valued at approximately $328,552,040.25. The trade was a 0.11% 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. Insiders have sold a total of 139,746 shares of company stock valued at $50,247,978 in the last ninety days. 2.60% of the stock is owned by insiders.

MongoDB Trading Down 1.3%

Shares of MongoDB stock opened at $354.88 on Friday. The company’s 50-day moving average price is $319.37 and its 200-day moving average price is $329.84. MongoDB, Inc. has a 12-month low of $198.47 and a 12-month high of $444.72. The company has a market cap of $28.54 billion, a price-to-earnings ratio of -959.14, a PEG ratio of 1,296.12 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued 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 company had revenue of $687.62 million during 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%. MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, sell-side analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MDB shares. Oppenheimer increased their price target on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Stifel Nicolaus set a $435.00 price objective on shares of MongoDB in a report on Friday, May 29th. Canaccord Genuity Group increased their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Morgan Stanley lifted their target price on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $396.39.

About MongoDB

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.