Maytus Capital Management LLC Raises Stock Holdings in MongoDB, Inc. $MDB

Maytus Capital Management LLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 792.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,500 shares of the company’s stock after purchasing an additional 11,100 shares during the period. Maytus Capital Management LLC’s holdings in MongoDB were worth $5,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Maryland State Retirement & Pension System raised its holdings in shares of MongoDB by 2.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,913 shares of the company’s stock worth $1,642,000 after buying an additional 80 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of MongoDB in the fourth quarter worth approximately $152,000. Captrust Financial Advisors raised its holdings in shares of MongoDB by 21.8% in the fourth quarter. Captrust Financial Advisors now owns 5,997 shares of the company’s stock worth $2,517,000 after buying an additional 1,073 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of MongoDB by 14.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 428,495 shares of the company’s stock worth $179,835,000 after buying an additional 52,776 shares during the period. Finally, Fred Alger Management LLC raised its holdings in shares of MongoDB by 7.3% in the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock worth $235,704,000 after buying an additional 38,225 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Down 1.5%

Shares of NASDAQ:MDB opened at $348.81 on Wednesday. MongoDB, Inc. has a 52-week low of $196.00 and a 52-week high of $444.72. The stock has a market cap of $28.05 billion, a P/E ratio of -942.73, a price-to-earnings-growth ratio of 1,277.37 and a beta of 1.57. The business’s 50 day moving average is $299.95 and its 200 day moving average is $335.21.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. MongoDB’s 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, sell-side analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MDB shares. Wedbush increased their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Canaccord Genuity Group increased their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Needham & Company LLC reissued an “overweight” rating on shares of MongoDB in a research note on Friday, May 29th. Wall Street Zen cut MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Bank of America increased their price objective on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Twenty-eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $396.39.

Insider Buying and Selling

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the sale, the director owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. This trade represents a 19.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roelof Botha sold 44,050 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the sale, the director directly owned 150,550 shares in the company, valued at $59,929,438.50. This trade represents a 22.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 132,616 shares of company stock worth $47,588,794 over the last quarter. Insiders own 2.60% of the company’s stock.

MongoDB Profile

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.