MongoDB (NASDAQ:MDB) Director Sells $1,009,320.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 4,000 shares of MongoDB stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $252.33, for a total transaction of $1,009,320.00. Following the sale, the director owned 476,896 shares in the company, valued at approximately $120,335,167.68. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

NASDAQ:MDB opened at $263.38 on Friday. The firm’s 50 day simple moving average is $283.43 and its 200 day simple moving average is $341.52. MongoDB, Inc. has a one year low of $148.88 and a one year high of $444.72. The company has a market cap of $21.17 billion, a PE ratio of -299.30 and a beta of 1.60.

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

Analyst Ratings Changes

Several research firms recently commented on MDB. UBS Group cut their target price on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Truist Financial cut their target price on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. The Goldman Sachs Group cut their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Cantor Fitzgerald cut their target price on shares of MongoDB from $454.00 to $378.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Finally, Needham & Company LLC cut their target price on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $366.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB in the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its position in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC acquired a new position in shares of MongoDB in the 4th quarter worth approximately $33,000. Root Financial Partners LLC lifted its position in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in shares of MongoDB in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.

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.