Okabena Investment Services Inc. Invests $1.84 Million in MongoDB, Inc. $MDB

Okabena Investment Services Inc. purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,374 shares of the company’s stock, valued at approximately $1,836,000.

A number of other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in MongoDB during the fourth quarter worth $28,000. Huntington National Bank boosted its stake in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB during the fourth quarter worth $33,000. Finally, Root Financial Partners LLC boosted its stake in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Up 3.3%

NASDAQ:MDB opened at $354.18 on Tuesday. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72. The company has a market capitalization of $28.49 billion, a P/E ratio of -957.24, a P/E/G ratio of 1,236.33 and a beta of 1.57. The stock’s fifty day moving average is $298.04 and its two-hundred day moving average is $335.05.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MDB shares. Wall Street Zen lowered MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Barclays boosted their price objective on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 price objective on shares of MongoDB in a research note on Tuesday, May 19th. Piper Sandler boosted their price objective on MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Wells Fargo & Company lowered their price objective on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

Insiders Place Their Bets

In other MongoDB news, Director Roelof Botha sold 44,050 shares of MongoDB stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the sale, the director owned 150,550 shares in the company, valued at $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the sale, the director owned 161,762 shares in the company, valued at $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 have sold 116,616 shares of company stock worth $41,956,174 over the last ninety days. Company insiders own 2.60% of the company’s stock.

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.