Armistice Capital LLC Makes New Investment in MongoDB, Inc. $MDB

Key Points

• Armistice Capital LLC acquired approximately 44,965 shares in MongoDB, Inc., with a total value of about $7.9 million, representing 0.06% of the company's stock as of the latest SEC filing.
• MongoDB reported a 21.8% increase in quarterly revenue year-over-year, achieving $549.01 million, along with an EPS of $1.00, surpassing analysts' expectations.
• Insiders, including Director Dwight Merriman and CEO Dev Ittycheria, sold a combined total of 51,416 shares of MongoDB stock for nearly $11.9 million over the last quarter.

Armistice Capital LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,965 shares of the company's stock, valued at approximately $7,887,000. Armistice Capital LLC owned approximately 0.06% of MongoDB as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Handelsbanken Fonder AB raised its position in MongoDB by 0.4% in the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after buying an additional 65 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of MongoDB by 2.6% in the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock valued at $530,000 after purchasing an additional 77 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock valued at $100,000 after purchasing an additional 78 shares during the last quarter. Arizona State Retirement System lifted its position in shares of MongoDB by 0.4% during the first quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock valued at $3,772,000 after purchasing an additional 83 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in MongoDB by 5.6% during the first quarter. Moody National Bank Trust Division now owns 1,751 shares of the company's stock worth $307,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares in the company, valued at $259,039,404. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the sale, the chief executive officer owned 256,974 shares in the company, valued at $60,131,916. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,416 shares of company stock worth $11,936,656 over the last quarter. 3.10% of the stock is currently owned by company insiders.

MongoDB Price Performance

NASDAQ:MDB opened at $315.61 on Friday. The company has a market capitalization of $25.79 billion, a P/E ratio of -322.05 and a beta of 1.44. The business has a fifty day simple moving average of $222.93 and a two-hundred day simple moving average of $206.70. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Loop Capital cut shares of MongoDB from a "buy" rating to a "hold" rating and dropped their target price for the stock from $350.00 to $190.00 in a research report on Tuesday, May 20th. Truist Financial increased their price target on MongoDB from $275.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday. Needham & Company LLC lifted their price target on MongoDB from $270.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday. Wedbush reissued an "outperform" rating and issued a $300.00 price objective on shares of MongoDB in a research report on Wednesday. Finally, Sanford C. Bernstein upped their price objective on MongoDB from $319.00 to $338.00 and gave the company an "outperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $310.86.

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.

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