Bayforest Capital Ltd Has $427,000 Holdings in MongoDB, Inc. $MDB

Bayforest Capital Ltd increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 348.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,035 shares of the company’s stock after purchasing an additional 1,581 shares during the period. Bayforest Capital Ltd’s holdings in MongoDB were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in MongoDB by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after purchasing an additional 481,023 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of MongoDB by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after buying an additional 129,451 shares in the last quarter. Amundi lifted its holdings in shares of MongoDB by 53.0% during the first quarter. Amundi now owns 1,061,457 shares of the company’s stock worth $173,378,000 after buying an additional 367,717 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in MongoDB in the 1st quarter worth about $161,543,000. Finally, Primecap Management Co. CA raised its stake in MongoDB by 863.5% in the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after purchasing an additional 780,200 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Up 1.3%

Shares of NASDAQ MDB opened at $317.83 on Thursday. The stock has a 50-day moving average price of $290.82 and a two-hundred day moving average price of $227.67. The company has a market cap of $25.86 billion, a price-to-earnings ratio of -324.32 and a beta of 1.50. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The company had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.MongoDB’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 33,320 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 203,237 shares of the company’s stock, valued at $61,233,275.73. This represents a 14.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the transaction, the director directly owned 24,308 shares of the company’s stock, valued at $7,971,322.44. This represents a 4.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,163 shares of company stock worth $31,862,322. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MDB. Macquarie lifted their price target on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Stephens initiated coverage on MongoDB in a report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price objective for the company. Sanford C. Bernstein lifted their price objective on MongoDB from $319.00 to $338.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Wedbush lifted their price objective on MongoDB from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, UBS Group lifted their price objective on MongoDB from $310.00 to $330.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $342.69.

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.