Insider Selling: 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 stock was sold at an average price of $417.83, for a total value of $4,178,300.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

MongoDB Price Performance

MongoDB stock opened at $439.68 on Tuesday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $440.67. The business has a fifty day moving average price of $362.75 and a 200-day moving average price of $292.68. The stock has a market capitalization of $35.79 billion, a price-to-earnings ratio of -505.38 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last announced its earnings results 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. The company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDB has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Needham & Company LLC boosted their price objective on shares of MongoDB from $365.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. UBS Group upped their target price on MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company lifted their price target on MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Citigroup boosted their price target on MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.97.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. HighTower Advisors LLC boosted its stake in shares of MongoDB by 4.0% in the first quarter. HighTower Advisors LLC now owns 19,520 shares of the company’s stock worth $3,424,000 after buying an additional 747 shares during the last quarter. Brooklyn Investment Group raised its position in MongoDB by 247.9% during the first quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after acquiring an additional 290 shares in the last quarter. Northern Trust Corp lifted its holdings in MongoDB by 2.1% in the first quarter. Northern Trust Corp now owns 477,812 shares of the company’s stock valued at $83,808,000 after acquiring an additional 9,802 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in MongoDB by 100.0% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,436 shares of the company’s stock worth $1,491,000 after purchasing an additional 4,217 shares in the last quarter. Finally, Erste Asset Management GmbH boosted its position in MongoDB by 19.3% in the 1st quarter. Erste Asset Management GmbH now owns 8,354 shares of the company’s stock worth $1,487,000 after purchasing an additional 1,354 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

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.