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

Firetrail Investments PTY Ltd. acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,420 shares of the company’s stock, valued at approximately $4,480,000. MongoDB accounts for approximately 1.3% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 29th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MongoDB in the fourth quarter worth $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB in the first quarter worth $34,000. CX Institutional increased its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC raised 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 purchasing an additional 32 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting MongoDB

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

MongoDB Price Performance

Shares of MDB opened at $460.33 on Monday. The stock has a market capitalization 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. MongoDB, Inc. has a 1 year low of $206.92 and a 1 year high of $473.10. The business’s 50 day simple moving average is $348.47 and its 200-day simple moving average is $316.93.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period in the prior year, the company earned $1.00 EPS. 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. On average, sell-side analysts expect that MongoDB, Inc. will post 0.01 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dev Ittycheria sold 40,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roelof Botha sold 44,050 shares of the 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 completion of the transaction, the director directly owned 150,550 shares of the company’s stock, valued at approximately $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 ninety days. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their target price 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. Wall Street Zen cut MongoDB from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Tigress Financial boosted their price objective on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus set a $435.00 price objective on MongoDB in a research report on Friday, May 29th. Finally, Barclays upped their price objective on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $414.23.

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.