Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 10,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $359.97, for a total transaction of $3,599,700.00. Following the completion of the transaction, the director owned 952,953 shares of the company’s stock, valued at approximately $343,034,491.41. This trade represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 2.2%

NASDAQ:MDB traded down $8.22 during mid-day trading on Tuesday, hitting $373.07. 3,029,698 shares of the company’s stock were exchanged, compared to its average volume of 2,028,661. The company has a 50 day simple moving average of $396.26 and a 200-day simple moving average of $338.03. MongoDB, Inc. has a fifty-two week low of $215.68 and a fifty-two week high of $473.10. The firm has a market capitalization of $30.05 billion, a P/E ratio of 525.45, a PEG ratio of 41.46 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. 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, analysts expect that MongoDB, Inc. will post 0.47 earnings per share for the current year.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America Securities reaffirmed its Buy rating and $540 price target after meeting with MongoDB management. The firm cited MongoDB’s document-oriented database as a differentiated platform for companies modernizing legacy systems and building AI applications, supporting confidence in the company’s long-term AI strategy. MongoDB gains as BofA highlights long-term AI strategy potential
• Positive Sentiment: Scotiabank added MongoDB to its top-picks list, while Bank of America praised the company’s investor-day outlook. The analyst support helped reinforce expectations that AI adoption and enterprise modernization can drive future demand. Why MongoDB stock is trading up today
• Positive Sentiment: Needham also reaffirmed its Buy rating and set a $430 price target, implying additional upside from the referenced share price. The continued agreement among analysts provides a favorable near-term sentiment catalyst. Needham reiterates buy rating on MongoDB
• Neutral Sentiment: Concerns about OpenAI’s lower-than-expected reported revenue run rate have raised questions about AI-company valuations, Oracle’s large AI-compute contract and the pace of future infrastructure demand. These concerns could create volatility across AI-related stocks, although they may also present an opportunity if MongoDB continues benefiting from enterprise AI adoption. OpenAI’s revenue scare could be a big opportunity for investors
• Negative Sentiment: A law firm issued a solicitation asking MongoDB shareholders to discuss potential claims involving company insiders. The notice does not establish wrongdoing, but such shareholder litigation inquiries can add reputational and legal uncertainty. Shareholder inquiry regarding MongoDB insiders

Institutional Investors Weigh In On MongoDB

Several large investors have recently modified their holdings of the company. Sax Wealth Advisors LLC bought a new position in MongoDB during the third quarter worth $812,000. NorthCrest Asset Manangement LLC lifted its holdings in MongoDB by 43.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,902 shares of the company’s stock valued at $1,078,000 after buying an additional 874 shares during the period. Perpetual Ltd boosted its position in MongoDB by 52.1% during the third quarter. Perpetual Ltd now owns 4,189 shares of the company’s stock valued at $1,460,000 after acquiring an additional 1,435 shares during the last quarter. Riversedge Advisors LLC boosted its position in MongoDB by 45.2% during the third quarter. Riversedge Advisors LLC now owns 886 shares of the company’s stock valued at $309,000 after acquiring an additional 276 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in MongoDB by 78.7% during the third quarter. Wedmont Private Capital now owns 1,908 shares of the company’s stock valued at $709,000 after acquiring an additional 840 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MDB shares. Citizens Jmp restated a “market outperform” rating and issued a $519.00 price objective on shares of MongoDB in a report on Wednesday, September 30th. Truist Financial lifted their target price on MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Barclays lifted their target price on MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, William Blair reissued an “outperform” rating on shares of MongoDB in a research note on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $462.91.

MongoDB Company Profile

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.