OP Asset Management Ltd Makes New Investment in MongoDB, Inc. $MDB

OP Asset Management Ltd purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 1st quarter, HoldingsChannel reports. The fund purchased 8,658 shares of the company’s stock, valued at approximately $2,119,000.

Other large investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its stake in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new stake in MongoDB during the fourth quarter valued at approximately $33,000. Root Financial Partners LLC lifted its position in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in MongoDB in the 4th quarter worth approximately $38,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

MDB stock opened at $314.71 on Monday. The company has a market capitalization of $25.31 billion, a PE ratio of -850.56, a price-to-earnings-growth ratio of 1,132.50 and a beta of 1.57. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72. The company’s 50 day moving average price is $312.40 and its two-hundred day moving average price is $331.90.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter in the prior year, the company earned $1.00 EPS. The firm’s revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, research analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.

Insiders Place Their Bets

In other news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the transaction, the director directly owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares in the company, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,182 shares of company stock valued at $49,910,727 over the last three months. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MDB has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $395.00 price target on shares of MongoDB in a report on Tuesday, May 19th. Robert W. Baird lifted their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Morgan Stanley increased their target price on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Citigroup restated a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Finally, Stifel Nicolaus set a $435.00 price target on MongoDB in a research note on Friday, May 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.39.

MongoDB 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.