Siren L.L.C. Makes New $965,000 Investment in MongoDB, Inc. $MDB

Key Points

• Siren L.L.C. made a new investment in MongoDB, acquiring 5,500 shares valued at approximately $965,000, indicating growing institutional interest in the company.
• Major institutional investors like Primecap Management and Vanguard Group significantly increased their stakes in MongoDB during the first quarter, highlighting robust confidence in the company's future.
• Wall Street analysts are optimistic about MongoDB's prospects, with a consensus target price of $310.86 and several upgrades to "buy" ratings from firms like Goldman Sachs and Needham & Company.

Siren L.L.C. bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,500 shares of the company's stock, valued at approximately $965,000.

Several other institutional investors have also modified their holdings of the business. Cloud Capital Management LLC purchased a new stake in shares of MongoDB during the first quarter worth approximately $25,000. Hollencrest Capital Management acquired a new stake in shares of MongoDB in the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. increased its stake in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after purchasing an additional 120 shares during the period. State of Wyoming acquired a new position in MongoDB in the 1st quarter valued at about $62,000. Finally, Brooklyn Investment Group raised 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 worth $71,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Performance

Shares of MDB traded up $3.24 during mid-day trading on Tuesday, reaching $318.85. 3,700,536 shares of the company's stock traded hands, compared to its average volume of 2,528,234. The business's 50-day moving average price is $225.17 and its 200-day moving average price is $206.28. The stock has a market capitalization of $26.05 billion, a P/E ratio of -325.36 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 released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period last year, the firm posted $0.51 earnings per share. The firm's quarterly revenue 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. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $243.89, for a total value of $2,032,823.15. Following the sale, the chief executive officer directly owned 236,557 shares in the company, valued at approximately $57,693,886.73. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director directly owned 1,104,316 shares in the company, 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 51,416 shares of company stock worth $11,936,656 over the last ninety days. Company insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MDB shares. Cantor Fitzgerald increased their price objective on MongoDB from $271.00 to $312.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Robert W. Baird upped their price objective on MongoDB from $260.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Stifel Nicolaus boosted their price target on MongoDB from $275.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Zacks Research upgraded shares of MongoDB to a "hold" rating in a report on Friday, August 8th. Finally, Loop Capital downgraded MongoDB from a "buy" rating to a "hold" rating and lowered their price target for the company from $350.00 to $190.00 in a research report on Tuesday, May 20th. One 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. According to MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average price target 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.