MYDA Advisors LLC Decreases Holdings in MongoDB, Inc. $MDB

Key Points

• MYDA Advisors LLC significantly cut its stake in MongoDB, Inc. by 60.8%, reducing its holdings to 14,350 shares valued at approximately $2.5 million.
• During the same quarter, other firms like Primecap Management and Vanguard increased their positions in MongoDB, highlighting increased interest in the company with institutional investors owning 89.29% of the stock.
• MongoDB recently reported earnings per share of $1.00, surpassing analysts' expectations, with a 21.8% year-over-year revenue growth.

MYDA Advisors LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 60.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,350 shares of the company's stock after selling 22,250 shares during the period. MYDA Advisors LLC's holdings in MongoDB were worth $2,517,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. OMERS ADMINISTRATION Corp lifted its position in shares of 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 acquiring an additional 43,050 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its position in shares of 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 acquiring an additional 1,020 shares during the period. Silvant Capital Management LLC lifted its position in shares of 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 acquiring an additional 5,703 shares during the period. Rafferty Asset Management LLC lifted its position in shares of MongoDB by 26.1% during the 1st quarter. Rafferty Asset Management LLC now owns 65,953 shares of the company's stock valued at $11,568,000 after acquiring an additional 13,632 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in shares of MongoDB during the 1st quarter valued at $1,094,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Activity

In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director owned 21,096 shares in the company, valued at $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the transaction, the director owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,416 shares of company stock worth $11,936,656 over the last quarter. Insiders own 3.10% of the company's stock.

MongoDB Price Performance

Shares of MDB stock traded down $2.49 on Monday, hitting $315.61. The stock had a trading volume of 5,683,836 shares, compared to its average volume of 4,108,121. The business has a 50 day moving average of $222.93 and a 200 day moving average of $206.09. The stock has a market cap of $25.79 billion, a price-to-earnings ratio of -322.05 and a beta of 1.49. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Scotiabank upped their price objective on shares of MongoDB from $230.00 to $280.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. DA Davidson upped their price objective on shares of MongoDB from $275.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, August 27th. The Goldman Sachs Group upped their price objective on shares of MongoDB from $270.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, August 27th. Finally, BMO Capital Markets upped their price objective on shares of MongoDB from $280.00 to $315.00 and gave the stock an "outperform" rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $310.86.

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.