Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $2,506,380.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $417.73, for a total value of $2,506,380.00. Following the completion of the sale, the director directly owned 490,896 shares of the company’s stock, valued at approximately $205,061,986.08. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

MongoDB Stock Up 0.6%

MDB stock traded up $2.31 during trading on Thursday, reaching $389.20. The stock had a trading volume of 2,253,879 shares, compared to its average volume of 1,660,611. The company has a market capitalization of $31.68 billion, a price-to-earnings ratio of -447.36 and a beta of 1.38. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The company’s 50 day moving average is $391.87 and its two-hundred day moving average is $317.41.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. 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, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on MDB. BMO Capital Markets increased their price objective on MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Mizuho increased their price target on shares of MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company lifted their price target on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Bank of America upped their price objective on shares of MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Guggenheim lifted their target price on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $420.26.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after acquiring an additional 431,382 shares during the last quarter. ValueAct Holdings L.P. boosted its holdings in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares during the period. State Street Corp grew its stake in MongoDB by 3.7% in the third quarter. State Street Corp now owns 1,756,628 shares of the company’s stock worth $545,222,000 after purchasing an additional 63,434 shares in the last quarter. Amundi lifted its holdings in shares of MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of MongoDB by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after buying an additional 68,611 shares in the last quarter. 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.