Kayne Anderson Rudnick Investment Management LLC Sells 200,392 Shares of MongoDB, Inc. $MDB

Key Points

• Kayne Anderson Rudnick Investment Management LLC has significantly reduced its stake in MongoDB, Inc. by 99.0%, exiting with only 2,120 shares after selling over 200,000 shares in the first quarter.
• Several institutional investors, including 111 Capital, Park Avenue Securities LLC, and Cambridge Investment Research Advisors, have recently adjusted their holdings, indicating a dynamic investment environment around MongoDB.
• MongoDB reported positive earnings for the quarter, with $549.01 million in revenue, exceeding estimates, and a 21.8% growth year-over-year, despite its shares trending down by 1.9% recently.

Kayne Anderson Rudnick Investment Management LLC lowered its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 99.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,120 shares of the company's stock after selling 200,392 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in MongoDB were worth $372,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. 111 Capital acquired a new position in MongoDB during the fourth quarter worth about $390,000. Park Avenue Securities LLC grew its holdings in MongoDB by 52.6% during the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock worth $461,000 after acquiring an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in MongoDB by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock worth $1,359,000 after acquiring an additional 298 shares during the period. Sowell Financial Services LLC acquired a new position in MongoDB during the first quarter worth about $263,000. Finally, Farther Finance Advisors LLC grew its holdings in MongoDB by 57.2% during the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock worth $219,000 after acquiring an additional 452 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Down 0.8%

MDB traded down $2.49 during trading 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 firm has a market cap of $25.79 billion, a PE 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. The company has a 50 day simple moving average of $225.17 and a 200-day simple moving average of $206.28.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 EPS 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 firm had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same quarter last year, the firm posted $0.51 EPS. The business's quarterly revenue was up 21.8% on a year-over-year basis. 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, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the sale, the chief executive officer directly owned 236,557 shares of the company's stock, valued at $57,693,886.73. This represents a 3.40% 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 Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Friday, July 25th. The shares were 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 of the company's stock, valued at approximately $270,557,420. This trade represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,416 shares of company stock valued at $11,936,656 in the last ninety days. Company insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MDB. Barclays lifted their target price on MongoDB from $270.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. William Blair reiterated an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. JMP Securities reiterated a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a research report on Wednesday, August 27th. Citigroup increased their price target on MongoDB from $405.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Finally, Zacks Research upgraded MongoDB to a "hold" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus price target of $310.86.

MongoDB 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.