Alight Capital Management LP Purchases 2,000 Shares of MongoDB, Inc. $MDB

Alight Capital Management LP increased its position in MongoDB, Inc. (NASDAQ:MDB) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. MongoDB makes up 2.1% of Alight Capital Management LP’s portfolio, making the stock its 15th largest holding. Alight Capital Management LP’s holdings in MongoDB were worth $8,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cramer Rosenthal Mcglynn LLC lifted its position in MongoDB by 897.7% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after purchasing an additional 52,002 shares during the period. Kinetic Partners Management LP lifted its position in MongoDB by 27.2% in the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after purchasing an additional 41,810 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after purchasing an additional 189,820 shares during the period. State of New Jersey Common Pension Fund D raised its stake in MongoDB by 5.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 28,936 shares of the company’s stock worth $8,981,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of MongoDB by 69.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock valued at $145,029,000 after acquiring an additional 141,755 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $334.69 on Thursday. MongoDB, Inc. has a twelve month low of $196.00 and a twelve month high of $444.72. The firm has a market cap of $26.92 billion, a PE ratio of -904.57, a price-to-earnings-growth ratio of 1,258.00 and a beta of 1.57. The business has a fifty day moving average of $301.54 and a 200-day moving average of $335.27.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same period last year, the company posted $1.00 earnings per share. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of analyst reports. UBS Group lifted their price objective on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Morgan Stanley lifted their price objective on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Citigroup reissued a “buy” rating on shares of MongoDB in a report on Monday, June 8th. Finally, Bank of America lifted their price objective on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a report on Monday, June 8th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $396.39.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director directly owned 27,010 shares in the company, valued at approximately $9,453,500. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $348.92, for a total value of $2,093,520.00. Following the completion of the sale, the director owned 464,896 shares of the company’s stock, valued at approximately $162,211,512.32. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 137,616 shares of company stock valued at $49,371,944 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.