MongoDB (NASDAQ:MDB) Director Hope Cochran Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction on Friday, May 29th. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the director owned 27,010 shares in the company, valued at approximately $9,453,500. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $398.46 on Wednesday. The firm has a market cap of $32.02 billion, a PE ratio of -1,076.92 and a beta of 1.57. The firm’s fifty day moving average is $276.11 and its 200-day moving average is $333.69. MongoDB, Inc. has a 52 week low of $190.36 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. 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 forecast that MongoDB, Inc. will post -0.42 EPS for the current year.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its stake in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in MongoDB in the fourth quarter valued at $28,000. Huntington National Bank increased its stake in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new stake in MongoDB in the fourth quarter valued at $33,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in MongoDB in the first quarter valued at $34,000. 89.29% of the stock is owned by institutional investors.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: UBS raised its price target on MongoDB and the stock surged on the news, reinforcing the bullish reaction to the company’s recent earnings beat and improved sentiment around software names. MongoDB (MDB) Soars 20.4% as UBS Raises PT by Double-Digits
• Positive Sentiment: Scotiabank increased its FY2027 EPS estimate for MongoDB, signaling improving profit expectations and supporting the view that recent growth is translating into better earnings power. Scotiabank earnings estimate update
• Positive Sentiment: MongoDB presented at the William Blair Growth Stock Conference, keeping the company in front of investors as it highlights its growth story and AI-related opportunity. MongoDB, Inc. (MDB) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: MongoDB announced upcoming presentations at several investor conferences, which should help maintain visibility but does not by itself change fundamentals. MongoDB, Inc. to Present at Upcoming Investor Conferences
• Neutral Sentiment: Director Hope F. Cochran sold 1,000 shares under a pre-arranged 10b5-1 plan, a routine insider transaction that may draw some attention but is unlikely to be a major signal on its own. SEC Form 4 filing
• Negative Sentiment: Some commentary cautioned that MongoDB’s AI-driven premium valuation may be ahead of the actual business impact, suggesting investors should watch whether growth can justify the recent rally. Why The AI Agentic Era Doesn’t Justify a Premium For MongoDB Stock Just Yet

Analyst Ratings Changes

MDB has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Wells Fargo & Company lowered their target price on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Canaccord Genuity Group lifted their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Oppenheimer lifted their target price on shares of MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Tigress Financial reissued a “buy” rating on shares of MongoDB in a research note on Tuesday. Twenty-eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $394.45.

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.