Dwight Merriman Sells 10,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

NASDAQ:MDB opened at $440.53 on Thursday. The firm’s 50-day moving average is $353.93 and its 200-day moving average is $317.75. The company has a market cap of $35.43 billion, a price-to-earnings ratio of -1,190.62, a PEG ratio of 3,087.46 and a beta of 1.55. MongoDB, Inc. has a 52-week low of $206.92 and a 52-week high of $473.10.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities analysts predict that MongoDB, Inc. will post 0.01 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on MDB shares. Scotiabank restated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and set a $385.00 price target on shares of MongoDB in a research note on Tuesday, May 26th. Citigroup reissued an “outperform” rating on shares of MongoDB in a report on Wednesday. BMO Capital Markets increased their price objective on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $453.00 price objective on shares of MongoDB in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.48.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Citizens JMP raised its price target on MongoDB from $366 to $519 and assigned a “Market Outperform” rating. The new target implies approximately 17.8% upside from the referenced share price, providing a significant bullish signal for investors. Benzinga
• Positive Sentiment: Guggenheim also expressed a bullish view and raised its price target, with analyst Howard Ma citing substantial potential upside. The move adds to a cluster of favorable analyst calls, including recent target increases from Citigroup and Oppenheimer. Guggenheim raises MongoDB price target
• Positive Sentiment: MongoDB’s latest reported quarter showed 25.2% year-over-year revenue growth, revenue above consensus, and adjusted earnings of $1.32 per share versus the $1.19 estimate. The company’s fiscal 2027 earnings guidance also supports the growth narrative behind the higher price targets.
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus rating of “Moderate Buy.” However, the average price target of $418.26 is below the referenced share price, suggesting that some analysts view much of the expected improvement as already reflected in the stock.
• Negative Sentiment: Director Dwight Merriman sold 6,000 shares for approximately $2.7 million after previously selling 10,000 shares. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, and he still retains a substantial stake, which reduces—but does not eliminate—the negative signal from insider selling. MongoDB insider trading report
• Negative Sentiment: Some market commentary cautions that investors are assigning an AI premium to MongoDB without the company quantifying the contribution. That creates execution and valuation risk, particularly with the stock trading near its 52-week high and at demanding valuation multiples.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position 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 buying an additional 61 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of MongoDB during the fourth quarter worth approximately $33,000. Root Financial Partners LLC increased its holdings 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 buying an additional 32 shares in the last quarter. CX Institutional raised its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp raised its stake in shares of MongoDB by 500.0% in the fourth quarter. Murphy & Mullick Capital Management Corp now owns 120 shares of the company’s stock valued at $50,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s 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.