Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $3,116,200.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $311.62, for a total transaction of $3,116,200.00. Following the transaction, the director directly owned 1,069,316 shares in the company, valued at $333,220,251.92. This represents a 0.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

MongoDB Price Performance

Shares of MDB stock opened at $318.53 on Friday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The company’s fifty day moving average price is $294.73 and its 200-day moving average price is $229.95. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of -325.03 and a beta of 1.50.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business had revenue of $591.40 million during the quarter, compared to analysts’ expectations of $553.23 million. During the same quarter in the previous year, the company posted $0.70 EPS. The company’s quarterly revenue was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Institutional Trading of MongoDB

Hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC bought a new stake in MongoDB during the first quarter worth approximately $25,000. Hollencrest Capital Management purchased a new position in shares of MongoDB in the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. increased its position in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. Montag A & Associates Inc. increased its position in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in MongoDB during the 2nd quarter valued at $36,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Guggenheim raised their target price on shares of MongoDB from $310.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, September 15th. DA Davidson lifted their price target on shares of MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Oppenheimer increased their price objective on shares of MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Finally, Monness Crespi & Hardt raised their price objective on MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $342.69.

About MongoDB

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.