Trexquant Investment LP Cuts Stake in MongoDB, Inc. $MDB

Key Points

• Trexquant Investment LP reduced its stake in MongoDB, inc. by 45.4%, selling 32,876 shares and holding 39,617 shares valued at approximately $6.9 million.
• Multiple hedge funds increased their holdings in MongoDB during the fourth quarter, with significant increases including Caisse DE Depot ET Placement DU Quebec up by 196.0%.
• MongoDB has garnered a consensus rating of "Moderate Buy" from analysts, with target prices ranging from $290 to $360, indicating strong potential growth.

Trexquant Investment LP trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 45.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,617 shares of the company's stock after selling 32,876 shares during the period. Trexquant Investment LP's holdings in MongoDB were worth $6,949,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new position in MongoDB during the 1st quarter valued at about $421,000. Lansforsakringar Fondforvaltning AB publ grew its holdings in MongoDB by 0.9% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 25,004 shares of the company's stock valued at $4,386,000 after buying an additional 226 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in MongoDB by 1,419.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 46,082 shares of the company's stock valued at $8,083,000 after buying an additional 43,050 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its holdings in MongoDB by 16.1% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 7,364 shares of the company's stock valued at $1,292,000 after buying an additional 1,020 shares in the last quarter. Finally, Silvant Capital Management LLC grew its holdings in MongoDB by 101.9% during the 1st quarter. Silvant Capital Management LLC now owns 11,301 shares of the company's stock valued at $1,982,000 after buying an additional 5,703 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MDB shares. Loop Capital downgraded MongoDB from a "buy" rating to a "hold" rating and dropped their price target for the company from $350.00 to $190.00 in a research report on Tuesday, May 20th. Piper Sandler lifted their price target on MongoDB from $275.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Needham & Company LLC lifted their price target on MongoDB from $270.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Stifel Nicolaus lifted their price target on MongoDB from $275.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Finally, Truist Financial lifted their price target on MongoDB from $275.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $310.86.

MongoDB Stock Performance

NASDAQ:MDB traded up $2.68 during mid-day trading on Tuesday, reaching $318.29. The stock had a trading volume of 4,180,839 shares, compared to its average volume of 4,028,832. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The firm has a 50 day moving average price of $227.35 and a two-hundred day moving average price of $207.05. The stock has a market capitalization of $26.01 billion, a P/E ratio of -324.79 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business's revenue was up 21.8% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity

In related news, CEO Dev Ittycheria sold 33,320 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $301.29, for a total value of $10,038,982.80. Following the sale, the chief executive officer directly owned 203,237 shares of the company's stock, valued at $61,233,275.73. This represents a 14.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the sale, the director directly owned 1,107,006 shares in the company, valued at approximately $259,039,404. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,736 shares of company stock valued at $21,975,639. Company insiders own 3.10% of the company's stock.

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.