Dwight Merriman Sells 1,054 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 1,054 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $422.50, for a total value of $445,315.00. Following the sale, the director directly owned 82,791 shares in the company, valued at $34,979,197.50. This trade represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

MongoDB Stock Up 3.6%

MongoDB stock traded up $15.04 during mid-day trading on Tuesday, hitting $435.86. The company had a trading volume of 1,734,414 shares, compared to its average volume of 1,972,826. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $440.67. The business has a fifty day moving average of $382.78 and a 200 day moving average of $307.85. The stock has a market cap of $35.48 billion, a price-to-earnings ratio of -500.99 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. The business had revenue of $628.31 million during 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 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. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Needham boosted its price target to $500 from $480, added MongoDB to its conviction list and kept a Buy rating — a clear bullish signal for investors. Needham ups MongoDB target, adds to Conviction List
• Positive Sentiment: RBC Capital raised its price target to $500 (from $450), increasing upside expectations and supporting buying interest. MongoDB price target raised to $500 from $450 at RBC Capital
• Positive Sentiment: Oppenheimer raised its target to $490 from $450, another analyst upgrade that supports higher near-term valuation expectations. MongoDB price target raised to $490 from $450 at Oppenheimer
• Positive Sentiment: Brokerage coverage remains constructive: the consensus across brokerages is a “Moderate Buy,” which helps sustain demand from institutional investors. MongoDB Receives Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Industry/analyst roundup: a compilation piece summarizing views from ~37 analysts may be reinforcing the broader bullish narrative but contains mixed detail for different time horizons. 37 Analysts Have This To Say About MongoDB
• Neutral Sentiment: Coverage on potential Nasdaq-100 index/constituent implications discusses how index flows or database-sector positioning could affect MDB; useful context but not a direct near-term earnings driver. MongoDB Nasdaq 100 Composition Database Impact
• Neutral Sentiment: Market stories noting that MongoDB shares “skyrocketed” summarize the price action and momentum trading; these items reflect market reaction rather than new fundamental news. MongoDB, Doximity, DoubleVerify, and 8×8 shares skyrocket
• Negative Sentiment: Insider selling: director Dwight A. Merriman sold 1,054 shares on Jan 2 at roughly $422.50 — a small reduction (≈1.26% of his holding) that can be flagged by investors but is not large enough to indicate loss of confidence. SEC filing: Director sale by Dwight A. Merriman

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MDB shares. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Guggenheim boosted their price objective on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein increased their price objective on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Needham & Company LLC raised their target price on shares of MongoDB from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price target on shares of MongoDB in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $416.97.

Hedge Funds Weigh In On MongoDB

Institutional investors have recently bought and sold shares of the company. Clark Financial Services Group Inc. BD raised its position in MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after buying an additional 25 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of MongoDB by 95.9% in the fourth quarter. Park Avenue Securities LLC now owns 1,965 shares of the company’s stock valued at $825,000 after acquiring an additional 962 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of MongoDB by 46.8% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the company’s stock worth $105,000 after acquiring an additional 80 shares during the period. Hudson Bay Capital Management LP raised its holdings in MongoDB by 4,422.3% during the third quarter. Hudson Bay Capital Management LP now owns 40,203 shares of the company’s stock worth $12,478,000 after purchasing an additional 39,314 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in MongoDB by 23.1% during the third quarter. Allworth Financial LP now owns 1,167 shares of the company’s stock worth $362,000 after purchasing an additional 219 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

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.