Kodai Capital Management LP Acquires 76,524 Shares of MongoDB, Inc. $MDB

Key Points

• Kodai Capital Management LP increased its stake in MongoDB, Inc. by 50.6%, owning 227,736 shares worth approximately $39.95 million, making it the firm's 16th largest position.
• MongoDB reported a quarterly revenue of $549.01 million, exceeding analysts' expectations, with earnings per share at $1.00, surpassing the forecasted $0.65.
• Wall Street analysts have given MongoDB an average rating of "Moderate Buy" with a price target of $310.86, indicating strong investor interest in the company's stock.

Kodai Capital Management LP raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 50.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 227,736 shares of the company's stock after purchasing an additional 76,524 shares during the quarter. MongoDB comprises approximately 1.6% of Kodai Capital Management LP's portfolio, making the stock its 16th largest holding. Kodai Capital Management LP owned about 0.28% of MongoDB worth $39,945,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp lifted its stake in shares of MongoDB by 6.4% in the fourth quarter. Northern Trust Corp now owns 468,010 shares of the company's stock valued at $108,957,000 after purchasing an additional 27,981 shares during the period. Lido Advisors LLC boosted its position in shares of MongoDB by 74.8% in the fourth quarter. Lido Advisors LLC now owns 1,208 shares of the company's stock worth $281,000 after acquiring an additional 517 shares during the last quarter. AQR Capital Management LLC lifted its position in MongoDB by 92.1% during the fourth quarter. AQR Capital Management LLC now owns 37,126 shares of the company's stock valued at $8,643,000 after buying an additional 17,802 shares in the last quarter. Utah Retirement Systems lifted its position in MongoDB by 1.7% during the fourth quarter. Utah Retirement Systems now owns 11,840 shares of the company's stock valued at $2,756,000 after buying an additional 200 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of MongoDB by 196.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,103 shares of the company's stock worth $10,268,000 after purchasing an additional 29,203 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Transactions at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction 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 transaction, the chief executive officer owned 236,557 shares in the company, valued at approximately $57,693,886.73. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director owned 1,104,316 shares in the company, valued at approximately $270,557,420. This represents a 0.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Stock Up 0.8%

Shares of MDB traded up $2.68 on Tuesday, hitting $318.29. The company's stock had a trading volume of 4,178,497 shares, compared to its average volume of 2,532,405. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The firm's fifty day moving average price is $225.17 and its 200-day moving average price is $206.28. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of -324.79 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the prior year, the firm posted $0.51 EPS. The business's 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, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDB. Guggenheim lifted their price target on shares of MongoDB from $260.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Scotiabank upped their price target on shares of MongoDB from $230.00 to $280.00 and gave the company a "sector perform" rating in a report on Wednesday, August 27th. JMP Securities restated a "market outperform" rating and set a $345.00 price objective on shares of MongoDB in a report on Wednesday, August 27th. Needham & Company LLC increased their price objective on MongoDB from $270.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, August 27th. Finally, Loop Capital cut MongoDB from a "buy" rating to a "hold" rating and reduced their price objective for the company from $350.00 to $190.00 in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average 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.