Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $377,000.00 in Stock

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

MongoDB Price Performance

NASDAQ MDB opened at $366.49 on Friday. MongoDB, Inc. has a 12 month low of $215.68 and a 12 month high of $473.10. The firm has a market capitalization of $29.52 billion, a PE ratio of 1,549.09, a P/E/G ratio of 34.49 and a beta of 1.74. The company’s 50 day simple moving average is $395.65 and its 200 day simple moving average is $340.65.

MongoDB (NASDAQ:MDB) last released 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. The firm had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Sell-side analysts anticipate that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Weiss Ratings upgraded shares of MongoDB from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Scotiabank restated a “sector outperform” rating and set a $450.00 price objective (up from $440.00) on shares of MongoDB in a research report on Thursday, October 8th. Wells Fargo & Company lifted their price objective on shares of MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Finally, Stifel Nicolaus dropped their target price on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $462.91.

Institutional Trading of MongoDB

Several large investors have recently added to or reduced their stakes in the company. Employees Provident Fund Board acquired a new position in MongoDB during the fourth quarter valued at $203,365,000. Polar Capital Holdings Plc grew its holdings in MongoDB by 730.6% during the fourth quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after purchasing an additional 379,289 shares during the last quarter. Sei Investments Co. grew its position in shares of MongoDB by 125.3% in the first quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock valued at $89,979,000 after purchasing an additional 204,446 shares during the last quarter. Contour Asset Management LLC bought a new position in shares of MongoDB during the 4th quarter worth about $83,495,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in MongoDB by 55.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after purchasing an additional 195,250 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB’s growing large-enterprise customer base is supporting higher MongoDB Atlas consumption, recurring revenue and broader adoption of AI-powered database capabilities. This suggests the cloud platform could sustain strong growth as businesses modernize their data infrastructure. MongoDB’s enterprise customer base grows
• Positive Sentiment: Analysts remain constructive on MongoDB’s long-term prospects. Needham reaffirmed a Buy rating with a $430 price target, while Bank of America maintained a $540 target, citing enterprise modernization, AI application development and MongoDB’s differentiated document-database platform. Bank of America highlights MongoDB’s AI strategy
• Positive Sentiment: A recent investment case argues that the pullback in MongoDB shares may create an opportunity, pointing to Atlas growth, expanding AI capabilities and rising earnings estimates. The company’s latest reported quarter also exceeded expectations, with revenue up 30.5% year over year and earnings above consensus. Why investors may consider MongoDB after its pullback
• Neutral Sentiment: Broader concerns about AI-company valuations and the pace of AI infrastructure spending could affect sentiment toward MongoDB, although the developments do not directly change its operating results. AI valuation and infrastructure concerns
• Negative Sentiment: MongoDB’s CEO was reportedly recruited by another technology company, creating leadership uncertainty and contributing to recent investor concerns. This is a risk to execution even as analysts continue to support the stock. MongoDB CEO departure concerns
• Negative Sentiment: Directors Archana Agrawal and Dwight Merriman sold shares totaling approximately $777,000 in the latest disclosures. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but insider selling may still weigh modestly on sentiment. MongoDB insider transaction filings

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.