Dwight Merriman Sells 6,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at approximately $148,322,822.08. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $334.68 on Wednesday. MongoDB, Inc. has a 1 year low of $182.43 and a 1 year high of $444.72. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of -380.32 and a beta of 1.48. The stock’s 50-day simple moving average is $265.03 and its 200-day simple moving average is $335.65.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, research analysts predict that MongoDB, Inc. will post -0.46 EPS for the current year.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America raised its price target on MongoDB and reiterated a Buy rating, citing confidence in demand trends, Atlas momentum, and execution across cloud and on-premise products. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed its Outperform rating and lifted its target to $395, saying MongoDB is well positioned for AI-related tailwinds and strong Atlas growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Positive Sentiment: Analyst sentiment remains favorable overall, with multiple Buy/Outperform ratings and recent targets ranging up to $450, reinforcing expectations for solid upcoming results. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Neutral Sentiment: MongoDB’s CEO pay disclosure highlighted very large compensation and heavy insider selling over the past six months, which may raise governance questions but was offset by the sales being tied in part to pre-arranged trading plans. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Negative Sentiment: Director Dwight Merriman sold additional shares recently, adding to a pattern of insider selling that could temper some enthusiasm around the stock. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in MongoDB by 5.0% in the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after purchasing an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. grew its stake in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp grew its stake in MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after purchasing an additional 40,219 shares in the last quarter. Amundi grew its stake in MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in MongoDB by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDB has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $260.00 target price (down from $500.00) on shares of MongoDB in a research report on Tuesday, March 3rd. The Goldman Sachs Group dropped their target price on MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Wedbush dropped their target price on MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Barclays dropped their target price on MongoDB from $440.00 to $370.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Finally, Truist Financial decreased their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $370.87.

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.