Armistice Capital LLC Cuts Stake in MongoDB, Inc. $MDB

Armistice Capital LLC reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 56.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,144 shares of the company’s stock after selling 63,255 shares during the quarter. Armistice Capital LLC’s holdings in MongoDB were worth $20,625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clark Financial Services Group Inc. BD lifted its position in MongoDB by 1.5% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after purchasing an additional 25 shares during the period. Root Financial Partners LLC increased its holdings 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 buying an additional 32 shares in the last quarter. True Wealth Design LLC increased its stake in shares of MongoDB by 9.4% during the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in MongoDB by 2.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after acquiring an additional 36 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in MongoDB by 3.4% during the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after acquiring an additional 36 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Down 4.0%

NASDAQ:MDB opened at $334.69 on Thursday. The company has a market capitalization of $26.92 billion, a P/E ratio of -904.57, a price-to-earnings-growth ratio of 1,258.00 and a beta of 1.57. MongoDB, Inc. has a twelve month low of $196.00 and a twelve month high of $444.72. The firm has a 50-day moving average price of $301.54 and a two-hundred day moving average price of $335.27.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company’s quarterly 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 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, equities research analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Tigress Financial boosted their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein cut shares of MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Citizens Jmp reiterated a “market outperform” rating and set a $366.00 price target on shares of MongoDB in a research note on Friday, May 29th. Truist Financial reduced their target price on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, BMO Capital Markets increased their price target on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Twenty-eight research 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. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

Insider Buying and Selling at MongoDB

In other news, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer directly owned 6,500 shares in the company, valued at approximately $2,318,095. The trade was a 43.48% 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. In the last three months, insiders sold 137,616 shares of company stock valued at $49,371,944. 2.60% of the stock is currently owned by corporate insiders.

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.