Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $1,889,880.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the transaction, the director owned 470,896 shares in the company, valued at approximately $148,322,822.08. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 1.7%

Shares of MDB opened at $329.14 on Thursday. The company has a market cap of $26.45 billion, a price-to-earnings ratio of -374.02 and a beta of 1.48. MongoDB, Inc. has a 1-year low of $182.43 and a 1-year high of $444.72. The company’s fifty day simple moving average is $266.18 and its 200 day simple moving average is $335.52.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The business had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. As a group, research analysts forecast that MongoDB, Inc. will post -0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on MDB shares. BMO Capital Markets lifted their target price on MongoDB from $285.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Monness Crespi & Hardt reduced their target price on MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Needham & Company LLC reduced their target price on MongoDB from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Wedbush reduced their target price on MongoDB from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Finally, Robert W. Baird lifted their target price on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research note on Wednesday. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $373.37.

Institutional Trading of MongoDB

Several institutional investors have recently added to or reduced their stakes in MDB. Integrated Wealth Concepts LLC boosted its stake 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 purchasing an additional 327 shares during the period. NewEdge Advisors LLC boosted its stake 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 purchasing an additional 1,504 shares during the period. Sivia Capital Partners LLC bought a new stake in MongoDB in the 2nd quarter valued at $329,000. Cresset Asset Management LLC boosted its stake in MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after purchasing an additional 370 shares during the period. Finally, Cerity Partners LLC boosted its stake in MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,697 shares during the period. 89.29% of the stock is currently owned by institutional investors.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: BMO Capital raised its price target on MongoDB to $360 from $285, citing durable growth potential and a strong position in the database market. MongoDB (MDB) Remains Well-Positioned In The Database Market And Has Durable Growth Potential, Says BMO Capital
• Positive Sentiment: Bank of America lifted its target to $375 and reiterated a Buy rating, saying demand trends and execution remain strong, especially for Atlas and other cloud offerings. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed an Outperform rating and increased its target to $395, reinforcing the bullish view that MongoDB can benefit from AI-related workload growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Neutral Sentiment: Robert W. Baird raised its price target to $335 from $260 but kept a Neutral rating, signaling improved expectations without turning fully bullish.
• Neutral Sentiment: Recent commentary also highlighted MongoDB’s AI data-platform push, including new integrations and performance upgrades, which could support longer-term growth if adoption continues. Is MongoDB’s (MDB) All-in-One AI Data Push Quietly Reshaping Its Long-Term Competitive Moat?
• Negative Sentiment: Insider selling remains a concern, with director Dwight Merriman recently disclosing share sales, which can weigh on investor sentiment even when done under a pre-arranged plan. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

About MongoDB

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.