MongoDB (NASDAQ:MDB) Director Dwight Merriman Sells 1,130 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 1,130 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $334.25, for a total value of $377,702.50. Following the completion of the sale, the director directly owned 982,953 shares of the company’s stock, valued at $328,552,040.25. The trade was a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

Shares of MDB stock opened at $354.88 on Friday. The stock’s fifty day moving average price is $319.37 and its 200 day moving average price is $329.84. MongoDB, Inc. has a 1-year low of $198.47 and a 1-year high of $444.72. The company has a market cap of $28.54 billion, a price-to-earnings ratio of -959.14, a price-to-earnings-growth ratio of 1,296.12 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm’s revenue was up 25.2% compared to the same quarter last year. During the same period last year, the business posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. DA Davidson restated a “buy” rating and set a $375.00 price target on shares of MongoDB in a research note on Friday, May 29th. Cantor Fitzgerald raised their price target on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Piper Sandler lifted their price objective on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Wedbush boosted their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $396.39.

Institutional Trading of MongoDB

Several large investors have recently made changes to their positions in MDB. ValueAct Holdings L.P. grew its position in MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the period. State Street Corp grew its position in shares of MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after acquiring an additional 40,219 shares during the period. Amundi increased its stake in shares of MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MongoDB by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after purchasing an additional 9,693 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. raised its holdings in MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

About MongoDB

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.