Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 10,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $407.70, for a total value of $4,077,000.00. Following the transaction, the director directly owned 1,031,316 shares in the company, valued at $420,467,533.20. This represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MongoDB Price Performance

NASDAQ:MDB traded up $2.31 on Thursday, reaching $389.20. 2,253,879 shares of the company’s stock were exchanged, compared to its average volume of 1,660,611. The firm has a market cap of $31.68 billion, a price-to-earnings ratio of -447.36 and a beta of 1.38. The stock has a fifty day simple moving average of $391.87 and a 200-day simple moving average of $317.41. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MDB. Wells Fargo & Company increased their price objective on MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Macquarie raised their price objective on shares of MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Wedbush boosted their price objective on shares of MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Robert W. Baird increased their target price on shares of MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Truist Financial raised their price target on shares of MongoDB from $450.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $420.26.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in MongoDB in the 4th quarter worth approximately $28,000. Huntington National Bank raised its stake in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of MongoDB by 81.8% in the 4th quarter. Grove Bank & Trust now owns 100 shares of the company’s stock valued at $42,000 after purchasing an additional 45 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of MongoDB during the 3rd quarter valued at $37,000. Institutional investors own 89.29% of the company’s stock.

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.