MongoDB (NASDAQ:MDB) Stock: Insider Dwight Merriman Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 1,000 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $377.00, for a total value of $377,000.00. Following the transaction, the director owned 448,896 shares in the company, valued at approximately $169,233,792. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

MDB opened at $356.29 on Thursday. The company has a market capitalization of $28.70 billion, a price-to-earnings ratio of 501.82, a P/E/G ratio of 40.08 and a beta of 1.74. The firm’s fifty day moving average price is $395.72 and its two-hundred day moving average price is $339.73. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.28. The firm had revenue of $771.77 million during 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 business’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. 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 anticipate that MongoDB, Inc. will post 0.47 EPS for the current year.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. raised its stake in shares of MongoDB by 19.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 800 shares of the company’s stock valued at $279,000 after buying an additional 133 shares during the period. Krilogy Financial LLC lifted its position in shares of MongoDB by 11.4% during the 3rd quarter. Krilogy Financial LLC now owns 3,594 shares of the company’s stock valued at $1,370,000 after buying an additional 369 shares during the last quarter. Sax Wealth Advisors LLC bought a new position in shares of MongoDB during the 3rd quarter worth $812,000. NorthCrest Asset Manangement LLC grew its stake in shares of MongoDB by 43.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,902 shares of the company’s stock worth $1,078,000 after acquiring an additional 874 shares during the period. Finally, Perpetual Ltd grew its stake in shares of MongoDB by 52.1% during the 3rd quarter. Perpetual Ltd now owns 4,189 shares of the company’s stock worth $1,460,000 after acquiring an additional 1,435 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Monness Crespi & Hardt upped their price objective on shares of MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. BMO Capital Markets dropped their target price on shares of MongoDB from $450.00 to $420.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. DA Davidson cut their target price on MongoDB from $465.00 to $415.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, Barclays upped their target price on MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $462.91.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America reiterated its Buy rating and $540 price target, citing MongoDB’s long-term AI strategy, enterprise modernization opportunity and differentiated document-database platform. MongoDB gains as BofA highlights long-term AI strategy potential
• Positive Sentiment: Needham reaffirmed its Buy rating with a $430 price target, while Scotiabank added MDB to its top-picks list. The analysts’ endorsements indicate confidence in MongoDB’s investor-day messaging, Atlas growth and expanding AI capabilities. MongoDB pops as Needham, BofA stay bullish
• Positive Sentiment: A bullish research view argues that the recent pullback could be a buying opportunity because of strong MongoDB Atlas growth, improving AI functionality and rising earnings estimates. MongoDB Falls 11% YTD: Here’s Why You Should Buy the Stock Now
• Neutral Sentiment: MongoDB’s latest reported quarter exceeded earnings and revenue expectations, with revenue increasing 30.5% year over year. However, the stock trades at a very high earnings multiple, leaving it sensitive to any slowdown in growth or weakening market sentiment.
• Negative Sentiment: Investor concern has also been linked to reports that MongoDB’s CEO was recruited by another technology company, raising questions about leadership stability and execution of the company’s AI and growth strategy. Why Is MongoDB Stock Crashing and Is It a Buying Opportunity?
• Negative Sentiment: Director Dwight Merriman reported selling approximately $5.06 million of MDB shares across October 8–9. The sales were conducted under a pre-arranged Rule 10b5-1 plan and represent only a small reduction in his holdings, limiting their bearish significance but adding a near-term overhang. MongoDB insider transaction filing

About MongoDB

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.