Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $417.73, for a total transaction of $2,506,380.00. Following the transaction, the director directly owned 490,896 shares in the company, valued at $205,061,986.08. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

MongoDB Stock Performance

MDB traded up $2.31 on Thursday, hitting $389.20. The company had a trading volume of 2,253,879 shares, compared to its average volume of 1,660,611. The stock has a market capitalization of $31.68 billion, a price-to-earnings ratio of -447.36 and a beta of 1.38. The stock has a fifty day moving average price of $391.87 and a 200-day moving average price of $317.41. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. DA Davidson upped their target price on MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company upped their price objective on shares of MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Robert W. Baird increased their price objective on shares of MongoDB from $335.00 to $500.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald boosted their target price on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Barclays upped their price target on shares of MongoDB from $415.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $420.26.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter valued at about $28,000. Huntington National Bank lifted its holdings in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. Grove Bank & Trust lifted its holdings in MongoDB by 81.8% in the fourth quarter. Grove Bank & Trust now owns 100 shares of the company’s stock valued at $42,000 after acquiring an additional 45 shares during the period. TD Private Client Wealth LLC boosted its position in MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $37,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Company Profile

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.