MongoDB (NASDAQ:MDB) Director Sells $4,077,000.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of MongoDB stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $407.70, for a total value of $4,077,000.00. Following the completion of the transaction, the director owned 1,031,316 shares in the company, valued at approximately $420,467,533.20. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

MongoDB Stock Performance

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

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

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Clark Financial Services Group Inc. BD boosted its position in shares of MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after acquiring an additional 25 shares during the last quarter. True Wealth Design LLC grew its stake in shares of MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after buying an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of MongoDB by 3.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock worth $342,000 after buying an additional 40 shares during the last quarter. Grove Bank & Trust raised its position in shares of MongoDB by 81.8% during the 4th quarter. Grove Bank & Trust now owns 100 shares of the company’s stock valued at $42,000 after buying an additional 45 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of MongoDB by 0.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,349 shares of the company’s stock valued at $6,022,000 after buying an additional 47 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. Bank of America raised their target price on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Scotiabank upped their target price on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 2nd. Wells Fargo & Company boosted their target price on MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. DA Davidson upped their price objective on MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada lifted their price target on shares of MongoDB from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $420.26.

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.