MongoDB (NASDAQ:MDB) Director Sells $4,178,300.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the sale, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Trading Up 1.2%

MDB opened at $430.18 on Friday. The stock has a 50-day moving average of $360.34 and a 200 day moving average of $289.86. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $432.55. The firm has a market cap of $35.01 billion, a P/E ratio of -494.46 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. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same period last year, the company earned $1.16 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. 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.

Analysts Set New Price Targets

Several analysts have issued reports on MDB shares. Needham & Company LLC raised their price objective on shares of MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. UBS Group raised their price target on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada upped their price objective on MongoDB from $405.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald lifted their target price on MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Stifel Nicolaus upped their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.97.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank boosted its stake in shares of 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 purchasing an additional 51 shares in the last quarter. Montag A & Associates Inc. boosted its position in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. Promus Capital LLC bought a new stake in MongoDB during the 2nd quarter valued at $36,000. TD Private Client Wealth LLC increased its holdings in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of MongoDB in the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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.