Styrax Capital LP Has $42.55 Million Stock Position in MongoDB, Inc. $MDB

Styrax Capital LP lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 37.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,372 shares of the company’s stock after selling 60,207 shares during the quarter. MongoDB makes up approximately 3.3% of Styrax Capital LP’s holdings, making the stock its 11th biggest holding. Styrax Capital LP owned approximately 0.12% of MongoDB worth $42,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after purchasing an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. increased its position in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp increased its position in shares of MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after purchasing an additional 40,219 shares in the last quarter. Amundi increased its position in shares of MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Roelof Botha sold 44,050 shares of MongoDB stock in a transaction that occurred on 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 sale, the director owned 150,550 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $348.92, for a total transaction of $2,093,520.00. Following the sale, the director owned 464,896 shares of the company’s stock, valued at approximately $162,211,512.32. This represents a 1.27% decrease in their position. 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 132,616 shares of company stock worth $47,588,794 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $348.81 on Wednesday. MongoDB, Inc. has a 52-week low of $196.00 and a 52-week high of $444.72. The stock’s fifty day moving average price is $299.95 and its two-hundred day moving average price is $335.21. The company has a market cap of $28.05 billion, a price-to-earnings ratio of -942.73, a P/E/G ratio of 1,277.37 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate 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 company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter in the previous year, the company earned $1.00 EPS. MongoDB’s revenue was up 25.2% on a year-over-year basis. 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 analysts predict that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDB. BMO Capital Markets increased their target price 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. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $395.00 price objective on shares of MongoDB in a research report on Tuesday, May 19th. Monness Crespi & Hardt upped their target price 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, Bank of America increased their price target on shares of MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.39.

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.