Octahedron Capital Management L.P. Sells 14,850 Shares of MongoDB, Inc. $MDB

Octahedron Capital Management L.P. reduced its stake in MongoDB, Inc. (NASDAQ:MDB) by 22.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 50,150 shares of the company’s stock after selling 14,850 shares during the quarter. MongoDB makes up approximately 8.0% of Octahedron Capital Management L.P.’s holdings, making the stock its 4th biggest holding. Octahedron Capital Management L.P.’s holdings in MongoDB were worth $10,531,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in MongoDB by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after buying an additional 744,547 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of MongoDB by 5.2% during the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock valued at $292,597,000 after acquiring an additional 68,611 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after purchasing an additional 129,451 shares in the last quarter. Amundi boosted its stake in shares of MongoDB by 53.0% in the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock valued at $173,378,000 after purchasing an additional 367,717 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of MongoDB by 20.1% in the 2nd quarter. Primecap Management Co. CA now owns 1,045,719 shares of the company’s stock worth $219,591,000 after purchasing an additional 175,169 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a report on Monday. Citizens Jmp lifted their target price on shares of MongoDB from $375.00 to $435.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 4th. Wells Fargo & Company began coverage on MongoDB in a report on Tuesday, September 30th. They issued an “overweight” rating and a $430.00 target price on the stock. Wedbush raised their price target on MongoDB from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Guggenheim reiterated a “neutral” rating and issued a $400.00 price objective on shares of MongoDB in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.97.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 33,320 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the sale, the chief executive officer directly owned 203,237 shares of the company’s stock, valued at $61,233,275.73. The trade was a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 124,492 shares of company stock worth $39,833,319. Company insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $337.86 on Wednesday. The company has a market cap of $27.49 billion, a price-to-earnings ratio of -344.76 and a beta of 1.52. The stock’s fifty day moving average price is $332.97 and its two-hundred day moving average price is $259.63. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $385.44.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. During the same quarter in the previous year, the firm earned $0.70 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.