MongoDB (NASDAQ:MDB) Director Hope Cochran Sells 1,566 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MongoDB Stock Up 3.1%

Shares of NASDAQ MDB opened at $425.20 on Friday. The firm’s fifty day moving average is $358.03 and its 200 day moving average is $288.21. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $432.55. The company has a market cap of $34.61 billion, a price-to-earnings ratio of -488.74 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping 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 company’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm 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. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MDB. The Goldman Sachs Group boosted their target price on MongoDB from $405.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Argus raised their target price on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Cantor Fitzgerald raised their price target on MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Wedbush boosted their price objective on shares of MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Monness Crespi & Hardt increased their target price on MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $414.97.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. ValueAct Holdings L.P. increased its stake in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. AQR Capital Management LLC raised its stake in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after purchasing an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of MongoDB in the first quarter worth $161,543,000. Norges Bank bought a new position in shares of MongoDB during the 2nd quarter valued at about $164,338,000. Finally, Vanguard Group Inc. boosted its stake in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after buying an additional 744,547 shares during the last quarter. 89.29% of the stock is 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.