MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the completion of the sale, the director directly owned 452,896 shares in the company, valued at $204,595,768. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

MongoDB stock traded down $4.08 during trading on Tuesday, reaching $434.62. The company had a trading volume of 1,119,103 shares, compared to its average volume of 1,884,776. MongoDB, Inc. has a 12-month low of $206.92 and a 12-month high of $473.10. The stock’s 50 day moving average price is $350.20 and its two-hundred day moving average price is $317.12. The firm has a market capitalization of $34.96 billion, a price-to-earnings ratio of -1,174.65, a PEG ratio of 3,270.10 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same period last year, the company posted $1.00 EPS. The business’s quarterly revenue was up 25.2% on a year-over-year basis. 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, research analysts expect that MongoDB, Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer boosted their price objective on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Stifel Nicolaus set a $475.00 price target on MongoDB in a research note on Tuesday. Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Robert W. Baird lifted their target price on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of MongoDB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $418.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in MongoDB during the 2nd quarter worth about $187,000. Public Employees Retirement System of Ohio purchased a new stake in shares of MongoDB in the second quarter worth approximately $12,901,000. Avala Global LP acquired a new stake in shares of MongoDB during the second quarter worth approximately $20,221,000. Knuff & Co LLC acquired a new stake in shares of MongoDB during the second quarter worth approximately $4,825,000. Finally, Firetrail Investments PTY Ltd. purchased a new position in MongoDB during the second quarter valued at approximately $4,480,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.