Kayne Anderson Rudnick Investment Management LLC Has $54.58 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Kayne Anderson Rudnick Investment Management LLC cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,358 shares of the company’s stock after selling 10,473 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.30% of MongoDB worth $54,581,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MDB. Dimensional Fund Advisors LP lifted its holdings in MongoDB by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,696 shares of the company’s stock worth $37,495,000 after purchasing an additional 2,476 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of MongoDB by 134.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,905 shares of the company’s stock worth $1,597,000 after buying an additional 2,240 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of MongoDB by 36.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 1,183 shares of the company’s stock valued at $484,000 after acquiring an additional 318 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of MongoDB by 11.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,746 shares of the company’s stock valued at $1,123,000 after acquiring an additional 272 shares in the last quarter. Finally, UBS Group AG increased its position in MongoDB by 73.0% during the fourth quarter. UBS Group AG now owns 91,243 shares of the company’s stock worth $37,305,000 after acquiring an additional 38,509 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 1.9 %

Shares of MDB opened at $278.45 on Friday. The stock’s 50-day moving average price is $259.06 and its two-hundred day moving average price is $297.93. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a market capitalization of $20.42 billion, a PE ratio of -99.09 and a beta of 1.15. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the previous year, the firm earned ($0.63) earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction on Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the director now owns 20,020 shares of the company’s stock, valued at $4,564,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dennis Mcmahon sold 10,000 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the transaction, the director now directly owns 20,020 shares in the company, valued at approximately $4,564,560. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,005 shares of company stock worth $8,082,746. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of analyst reports. Oppenheimer increased their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. UBS Group increased their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Sanford C. Bernstein lifted their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Wells Fargo & Company increased their target price on MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, Bank of America boosted their price target on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.56.

MongoDB Company 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.