MongoDB (NASDAQ:MDB) CFO Michael Berry Sells 5,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Berry sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 6,500 shares of the company’s stock, valued at $2,318,095. This represents a 43.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 4.0%

Shares of MongoDB stock opened at $334.69 on Thursday. The firm has a market cap of $26.92 billion, a P/E ratio of -904.57, a P/E/G ratio of 1,258.00 and a beta of 1.57. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72. The stock’s fifty day moving average price is $301.54 and its 200-day moving average price is $335.27.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same period in the prior year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in MongoDB in the fourth quarter worth $28,000. Cornerstone Planning Group LLC lifted its holdings in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of MongoDB in the 4th quarter worth $33,000. Root Financial Partners LLC boosted its position in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in MongoDB during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MDB shares. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Monness Crespi & Hardt boosted their price objective on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Tigress Financial upped their target price on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Canaccord Genuity Group increased their target price on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Oppenheimer lifted their price target on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $396.39.

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.