MongoDB (NASDAQ:MDB) CAO Thomas Bull Sells 555 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 555 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

MongoDB Price Performance

Shares of MongoDB stock opened at $430.19 on Thursday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $429.85. The business’s 50 day simple moving average is $346.66 and its two-hundred day simple moving average is $279.22. The stock has a market capitalization of $35.00 billion, a P/E ratio of -490.52 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter last year, the business earned $1.16 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MDB shares. Needham & Company LLC boosted their target price on shares of MongoDB from $365.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Wolfe Research boosted their target price on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Wedbush boosted their price objective on shares of MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald raised their target price on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Finally, JMP Securities boosted their target price on shares of MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $415.39.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently modified their holdings of MDB. Huntington National Bank lifted its stake in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares during the last quarter. Montag A & Associates Inc. grew its position in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares during the period. Promus Capital LLC acquired a new position in MongoDB during the second quarter worth $36,000. TD Private Client Wealth LLC grew its holdings in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in MongoDB in the third quarter worth approximately $37,000. 89.29% of the stock is currently owned by institutional investors.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.