MIG Capital LLC Invests $813,000 in MongoDB, Inc. $MDB

Key Points

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MIG Capital LLC purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,635 shares of the company's stock, valued at approximately $813,000. MongoDB comprises approximately 0.1% of MIG Capital LLC's holdings, making the stock its 28th largest holding.

A number of other hedge funds also recently made changes to their positions in MDB. Cloud Capital Management LLC acquired a new position in shares of MongoDB during the first quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new position in shares of MongoDB during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. increased its stake in shares of MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after acquiring an additional 120 shares during the period. Coppell Advisory Solutions LLC increased its stake in shares of MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after acquiring an additional 182 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of MongoDB by 247.9% during the first quarter. Brooklyn Investment Group now owns 407 shares of the company's stock valued at $71,000 after acquiring an additional 290 shares during the period. Institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDB. Guggenheim reiterated a "buy" rating and set a $260.00 price objective on shares of MongoDB in a research note on Thursday, August 14th. BMO Capital Markets began coverage on shares of MongoDB in a research note on Monday, July 28th. They set an "outperform" rating and a $280.00 price objective on the stock. UBS Group raised their price objective on shares of MongoDB from $213.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Zacks Research upgraded shares of MongoDB to a "hold" rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $320.00 price target on shares of MongoDB in a research report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $283.46.

Insiders Place Their Bets

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

MongoDB Trading Up 3.3%

NASDAQ MDB traded up $7.10 on Friday, reaching $219.06. The stock had a trading volume of 1,803,163 shares, compared to its average volume of 2,305,508. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of -192.16 and a beta of 1.44. The business has a 50 day moving average price of $216.04 and a 200 day moving average price of $207.62. 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 released 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. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

MongoDB Company Profile

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.