MongoDB (NASDAQ:MDB) Director Sells $410,030.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $410.03, for a total value of $410,030.00. Following the completion of the transaction, the director directly owned 23,308 shares in the company, valued at $9,556,979.24. This represents a 4.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

MongoDB Price Performance

Shares of MDB opened at $430.18 on Friday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $432.55. The company has a 50-day moving average of $360.34 and a two-hundred day moving average of $290.53. The stock has a market cap of $35.01 billion, a price-to-earnings ratio of -494.46 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of research analyst reports. Mizuho lifted their price target on MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Needham & Company LLC lifted their target price on MongoDB from $365.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. BMO Capital Markets increased their price target on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Barclays raised their price target on shares of MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Finally, UBS Group upped their price objective on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $414.97.

Institutional Trading of MongoDB

Several large investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP raised its holdings in shares of MongoDB by 4,422.3% during the 3rd quarter. Hudson Bay Capital Management LP now owns 40,203 shares of the company’s stock valued at $12,478,000 after purchasing an additional 39,314 shares in the last quarter. Allworth Financial LP increased its position in MongoDB by 23.1% during the third quarter. Allworth Financial LP now owns 1,167 shares of the company’s stock worth $362,000 after buying an additional 219 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in MongoDB by 33.1% during the third quarter. Swiss Life Asset Management Ltd now owns 8,264 shares of the company’s stock valued at $2,565,000 after buying an additional 2,056 shares in the last quarter. Cambria Investment Management L.P. raised its holdings in MongoDB by 1.5% during the third quarter. Cambria Investment Management L.P. now owns 7,050 shares of the company’s stock valued at $2,188,000 after buying an additional 102 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new stake in shares of MongoDB in the third quarter worth about $43,000. 89.29% of the stock is owned by institutional investors.

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.