Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $375,920.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

Shares of MongoDB stock opened at $428.36 on Thursday. The stock has a market cap of $34.51 billion, a PE ratio of 603.32, a price-to-earnings-growth ratio of 45.95 and a beta of 1.58. The firm has a fifty day moving average price of $383.33 and a 200 day moving average price of $328.78. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, equities analysts expect that MongoDB, Inc. will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new position in MongoDB during the first quarter worth $34,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MongoDB in the second quarter valued at about $34,000. NBH Bank purchased a new stake in shares of MongoDB during the second quarter worth about $34,000. CX Institutional increased its stake in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in shares of MongoDB by 58.2% during the fourth 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. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the subject of a number of analyst reports. KGI Securities initiated coverage on MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price target for the company. Truist Financial raised their price objective on shares of MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Royal Bank Of Canada cut their target price on shares of MongoDB from $515.00 to $465.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd. Guggenheim reiterated a “buy” rating and issued a $560.00 target price on shares of MongoDB in a research note on Wednesday, September 2nd. Finally, Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.