MongoDB (NASDAQ:MDB) Stock: Insider Charles Hazard, Jr. Sells 595 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Charles Hazard, Jr. sold 595 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $350.46, for a total transaction of $208,523.70. Following the transaction, the director directly owned 44,642 shares of the company’s stock, valued at $15,645,235.32. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

Shares of MongoDB stock opened at $304.59 on Friday. The firm’s 50-day simple moving average is $375.91 and its 200-day simple moving average is $337.62. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The firm has a market cap of $24.54 billion, a P/E ratio of 429.00, a price-to-earnings-growth ratio of 29.90 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, equities analysts forecast that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

Institutional Trading of MongoDB

Several hedge funds have recently modified their holdings of the company. Sei Investments Co. increased its holdings 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in MongoDB by 55.0% in the 1st 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 last quarter. Allspring Global Investments Holdings LLC raised its position in MongoDB by 169.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 240,646 shares of the company’s stock worth $60,007,000 after purchasing an additional 151,241 shares during the last quarter. Renaissance Technologies LLC bought a new position in MongoDB in the 1st quarter worth approximately $34,459,000. Finally, CI Investments Inc. lifted its holdings in MongoDB by 81.2% during the 1st quarter. CI Investments Inc. now owns 213,604 shares of the company’s stock worth $52,284,000 after buying an additional 95,715 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Zacks added MDB to its Rank #1 (Strong Buy) growth-stocks list, a favorable screening signal that may support investor sentiment. Best Growth Stocks to Buy for November 4th
• Neutral Sentiment: MongoDB will report third-quarter fiscal 2027 results after the market closes on December 1 and hold a conference call that evening. The announcement sets the next scheduled update but contains no new financial results or outlook. MongoDB Announces Date of Third Quarter Fiscal 2027 Earnings Call
• Neutral Sentiment: The company appointed Alex Newman to lead its Australia and New Zealand business; the report did not describe an immediate financial impact. MongoDB appoints Alex Newman to lead Australia and New Zealand business
• Negative Sentiment: Directors disclosed sales of MongoDB shares totaling about 19,870 shares on November 2. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and the directors retained substantial holdings, which may limit the significance of the sales. MongoDB insider trades
• Negative Sentiment: Recent reports noted MDB falling while the broader market gained and alongside declines in Snowflake and Akamai, signaling near-term relative weakness without a clearly identified MongoDB-specific trigger. Snowflake, MongoDB, and Akamai shares are falling

Analysts Set New Price Targets

Several research firms recently commented on MDB. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Weiss Ratings cut MongoDB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 27th. BMO Capital Markets dropped their price objective on MongoDB from $450.00 to $420.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. Sanford C. Bernstein increased their price objective on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Guggenheim reissued a “buy” rating and set a $560.00 price objective on shares of MongoDB in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $461.91.

MongoDB Company Profile

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.