Dwight Merriman Sells 10,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the transaction, the director owned 993,316 shares of the company’s stock, valued at $295,998,234.84. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Up 1.4%

Shares of MDB opened at $334.68 on Wednesday. The firm has a 50-day moving average price of $265.03 and a 200 day moving average price of $335.65. The firm has a market capitalization of $26.90 billion, a PE ratio of -380.32 and a beta of 1.48. MongoDB, Inc. has a 52-week low of $182.43 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, equities analysts expect that MongoDB, Inc. will post -0.46 EPS for the current year.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. ValueAct Holdings L.P. lifted its holdings in MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the last quarter. Norges Bank acquired a new stake in MongoDB in the 4th quarter valued at about $574,821,000. AQR Capital Management LLC lifted its holdings in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after acquiring an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its holdings in MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after acquiring an additional 852,540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in MongoDB by 162.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock valued at $340,505,000 after acquiring an additional 678,746 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America raised its price target on MongoDB and reiterated a Buy rating, citing confidence in demand trends, Atlas momentum, and execution across cloud and on-premise products. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed its Outperform rating and lifted its target to $395, saying MongoDB is well positioned for AI-related tailwinds and strong Atlas growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Positive Sentiment: Analyst sentiment remains favorable overall, with multiple Buy/Outperform ratings and recent targets ranging up to $450, reinforcing expectations for solid upcoming results. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Neutral Sentiment: MongoDB’s CEO pay disclosure highlighted very large compensation and heavy insider selling over the past six months, which may raise governance questions but was offset by the sales being tied in part to pre-arranged trading plans. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Negative Sentiment: Director Dwight Merriman sold additional shares recently, adding to a pattern of insider selling that could temper some enthusiasm around the stock. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDB. Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Oppenheimer decreased their target price on shares of MongoDB from $425.00 to $375.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Citigroup increased their target price on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Mizuho upgraded shares of MongoDB from a “neutral” rating to an “outperform” rating and increased their target price for the company from $290.00 to $325.00 in a research report on Monday, March 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $425.00 target price on shares of MongoDB in a research report on Monday, March 2nd. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.87.

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.