Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $1,895,120.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 8,000 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $236.89, for a total value of $1,895,120.00. Following the sale, the director owned 1,005,316 shares in the company, valued at approximately $238,149,307.24. The trade was a 0.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

Shares of MongoDB stock opened at $263.38 on Friday. MongoDB, Inc. has a one year low of $148.88 and a one year high of $444.72. The stock’s 50-day moving average is $283.43 and its 200 day moving average is $341.52. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of -299.30 and a beta of 1.60.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. During the same quarter in the prior year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial cut their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Royal Bank Of Canada cut their price target on MongoDB from $500.00 to $395.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Barclays cut their price target on MongoDB from $440.00 to $370.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Wedbush cut their price target on MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $425.00 price target on shares of MongoDB in a report on Monday, March 2nd. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $366.16.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. Integrated Wealth Concepts LLC raised its stake in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after purchasing an additional 327 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MongoDB in the second quarter worth approximately $329,000. Cresset Asset Management LLC raised its stake in shares of MongoDB by 13.4% in the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after purchasing an additional 370 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after purchasing an additional 2,697 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Guggenheim reiterated a “Buy” rating on MDB, reinforcing analyst-level bullishness that can support demand for the shares. Read More.
• Positive Sentiment: Unusually large call-option buying: traders acquired roughly 36,130 call contracts (≈+2,077% vs. normal), a strong short-term bullish signal that can drive delta-hedging and upward stock-pressure.
• Neutral Sentiment: Momentum coverage and positive headlines note MDB has outpaced the market in recent sessions, which can attract momentum traders but may also invite profit‑taking. Read More.
• Neutral Sentiment: Director Dwight Merriman sold 4,000 shares at ~$252.33 (and previously sold 8,000 at ~$236.89); both trades were executed under a pre-arranged Rule 10b5‑1 plan, which mutes but does not eliminate investor scrutiny. Read More.
• Negative Sentiment: Large put-option buying: traders bought about 23,831 put contracts (≈+2,157% vs. normal), signaling elevated hedging or bearish/speculative positions that could add downside pressure or volatility if sentiment flips.

About MongoDB

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.