Roelof Botha Sells 24,850 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the sale, the director owned 194,600 shares in the company, valued at $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

MongoDB Trading Up 3.2%

MDB opened at $427.41 on Thursday. The stock has a 50-day moving average of $346.66 and a 200 day moving average of $279.22. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $429.85. The firm has a market cap of $34.77 billion, a P/E ratio of -491.28 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. The business had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the company earned $1.16 EPS. 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, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MDB shares. Wolfe Research increased their target price on shares of MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Stifel Nicolaus increased their price objective on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Mizuho raised their price objective on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Cantor Fitzgerald boosted their target price on MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada increased their price target on MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $415.39.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MDB. Meiji Yasuda Asset Management Co Ltd. raised its position in MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock worth $342,000 after acquiring an additional 40 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of MongoDB by 7.4% during the 3rd quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock worth $211,000 after purchasing an additional 47 shares in the last quarter. Huntington National Bank grew its stake in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. GAMMA Investing LLC increased its holdings in shares of MongoDB by 46.2% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after purchasing an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.