Oak Harvest Investment Services Invests $1.26 Million in MongoDB, Inc. $MDB

Oak Harvest Investment Services acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,000 shares of the company’s stock, valued at approximately $1,259,000.

Other institutional investors also recently bought and sold shares of the company. Cramer Rosenthal Mcglynn LLC raised its position in MongoDB by 897.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock valued at $17,938,000 after acquiring an additional 52,002 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in MongoDB by 1,277.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after acquiring an additional 16,896 shares in the last quarter. Pacer Advisors Inc. raised its position in MongoDB by 209.0% during the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after acquiring an additional 3,077 shares in the last quarter. Penserra Capital Management LLC raised its position in MongoDB by 42.1% during the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after acquiring an additional 39,978 shares in the last quarter. Finally, Pinegrove Venture Partners LLC purchased a new position in MongoDB during the third quarter valued at approximately $1,032,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 8,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $236.89, for a total transaction of $1,895,120.00. Following the transaction, the director owned 1,005,316 shares of the company’s stock, valued at approximately $238,149,307.24. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,756 shares of company stock worth $3,734,893 in the last three months. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $263.38 on Friday. The business’s 50 day moving average price is $283.43 and its 200-day moving average price is $341.31. The firm has a market capitalization of $21.17 billion, a PE ratio of -299.30 and a beta of 1.60. MongoDB, Inc. has a 1 year low of $148.88 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The firm had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. As a group, analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MDB. Barclays reduced their price target on MongoDB from $440.00 to $370.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Piper Sandler cut their price objective on MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Royal Bank Of Canada cut their price objective on MongoDB from $500.00 to $395.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. BMO Capital Markets restated an “outperform” rating and issued a $340.00 price objective (down from $400.00) on shares of MongoDB in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company cut their price objective on MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $366.16.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Guggenheim reiterated a “Buy” rating on MDB, reinforcing analyst-level bullishness that can support demand for the shares. Read More.
• Positive Sentiment: Unusually large call-option buying: traders acquired roughly 36,130 call contracts (≈+2,077% vs. normal), a strong short-term bullish signal that can drive delta-hedging and upward stock-pressure.
• Neutral Sentiment: Momentum coverage and positive headlines note MDB has outpaced the market in recent sessions, which can attract momentum traders but may also invite profit‑taking. Read More.
• Neutral Sentiment: Director Dwight Merriman sold 4,000 shares at ~$252.33 (and previously sold 8,000 at ~$236.89); both trades were executed under a pre-arranged Rule 10b5‑1 plan, which mutes but does not eliminate investor scrutiny. Read More.
• Negative Sentiment: Large put-option buying: traders bought about 23,831 put contracts (≈+2,157% vs. normal), signaling elevated hedging or bearish/speculative positions that could add downside pressure or volatility if sentiment flips.

MongoDB Company 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.