Oak Harvest Investment Services Acquires Shares of 3,000 MongoDB, Inc. $MDB

Oak Harvest Investment Services acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $1,259,000.

Several other hedge funds also recently bought and sold shares of MDB. Integrated Wealth Concepts LLC grew its position in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after acquiring an additional 327 shares during the last quarter. NewEdge Advisors LLC grew its position in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after acquiring an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of MongoDB during the 2nd quarter worth $329,000. Cresset Asset Management LLC grew its position in shares of MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after buying an additional 370 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after buying an additional 2,697 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares in the company, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $252.33, for a total value of $1,009,320.00. Following the completion of the transaction, the director owned 476,896 shares of the company’s stock, valued at approximately $120,335,167.68. The trade was a 0.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 14,756 shares of company stock valued at $3,734,893. 3.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson dropped their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Rosenblatt Securities reissued a “buy” rating and set a $425.00 price target on shares of MongoDB in a research report on Monday, March 2nd. Canaccord Genuity Group dropped their price objective on MongoDB from $455.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Needham & Company LLC dropped their price objective on MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Finally, Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a research report on Saturday. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.16.

MongoDB Stock Performance

MongoDB stock opened at $263.38 on Friday. The stock has a 50-day moving average of $283.43 and a two-hundred day moving average of $341.31. MongoDB, Inc. has a one year low of $148.88 and a one year high of $444.72. The stock has a market cap of $21.17 billion, a PE ratio of -299.30 and a beta of 1.60.

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

Key Stories Impacting 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.