Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $2,234,760.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $372.46, for a total transaction of $2,234,760.00. Following the completion of the transaction, the director directly owned 502,896 shares of the company’s stock, valued at approximately $187,308,644.16. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Price Performance

NASDAQ:MDB opened at $352.61 on Monday. The firm has a market capitalization of $28.69 billion, a P/E ratio of -359.81 and a beta of 1.52. MongoDB, Inc. has a one year low of $140.78 and a one year high of $385.44. The company’s 50-day simple moving average is $332.51 and its 200 day simple moving average is $257.28.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The company had revenue of $591.40 million for the quarter, compared to analysts’ expectations of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Barclays lifted their target price on MongoDB from $305.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Needham & Company LLC upped their target price on shares of MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Wedbush lifted their price target on shares of MongoDB from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Canaccord Genuity Group boosted their price target on shares of MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $354.97.

Institutional Trading of MongoDB

Institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management purchased a new stake in MongoDB during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. raised its stake in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 120 shares during the last quarter. Huntington National Bank grew its position in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares during the period. Montag A & Associates Inc. raised its position in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 101 shares during the period. Finally, Promus Capital LLC acquired a new stake in MongoDB during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.