MongoDB (NASDAQ:MDB) Shares Down 7.5% After Insider Selling

MongoDB, Inc. (NASDAQ:MDB)’s stock price traded down 7.5% during trading on Friday following insider selling activity. The stock traded as low as $341.75 and last traded at $339.0630. Approximately 399,756 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 2,012,863 shares. The stock had previously closed at $366.49.

Specifically, Director Archana Agrawal sold 1,000 shares of MongoDB stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director owned 4,328 shares in the company, valued at approximately $1,731,200. The trade was a 18.77% decrease in their ownership of the stock. The sale was disclosed in a filing 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. Also, Director Dwight Merriman sold 1,000 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $377.00, for a total transaction of $377,000.00. Following the completion of the transaction, the director owned 448,896 shares in the company, valued at approximately $169,233,792. The trade was a 0.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other MongoDB news, Director Dwight Merriman sold 3,000 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $359.90, for a total transaction of $1,079,700.00. Following the sale, the director directly owned 449,896 shares in the company, valued at approximately $161,917,570.40. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Rosenblatt Securities lifted their price target on shares of MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company boosted their target price on shares of MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Weiss Ratings raised MongoDB from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Finally, Citizens Jmp restated a “market outperform” rating and issued a $519.00 price target on shares of MongoDB in a research note on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.91.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB’s growing large-enterprise customer base is increasing consumption of its Atlas cloud database, supporting recurring revenue growth and broader adoption of AI-powered database capabilities. This strengthens the company’s long-term growth narrative. MongoDB enterprise customer and Atlas growth
• Positive Sentiment: A recent bullish investment case identifies Atlas momentum, expanding AI functionality and rising earnings estimates as reasons the stock’s recent pullback could represent a buying opportunity. MongoDB’s latest reported quarter also exceeded expectations, with revenue rising 30.5% year over year and EPS beating consensus. MongoDB investment case after share-price decline
• Positive Sentiment: Analyst commentary remains generally favorable, with MongoDB receiving predominantly Buy ratings and a consensus price target above recent trading levels. This suggests analysts continue to see upside from enterprise modernization and AI application development. Analyst insights on MongoDB
• Neutral Sentiment: A head-to-head comparison with Salesforce evaluates MongoDB on valuation, profitability, institutional ownership, risk, earnings and analyst recommendations. The comparison may influence relative-value decisions, but it does not introduce a new company-specific operating catalyst. MongoDB versus Salesforce comparison
• Negative Sentiment: Director Archana Agrawal sold 1,000 shares for approximately $400,000, reducing her holdings by 18.77%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which limits its significance as a discretionary bearish signal, but insider selling can still weigh modestly on sentiment. MongoDB director insider sale filing
• Negative Sentiment: MongoDB trades at a demanding valuation relative to current profitability, increasing sensitivity to any slowdown in Atlas growth or AI spending. Recent leadership-exit concerns also introduce execution risk despite continued analyst support.

MongoDB Price Performance

The company has a market capitalization of $27.33 billion, a P/E ratio of 477.89, a price-to-earnings-growth ratio of 34.49 and a beta of 1.74. The firm’s 50-day moving average is $395.65 and its 200-day moving average is $340.65.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, analysts forecast that MongoDB, Inc. will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On MongoDB

Institutional investors have recently bought and sold shares of the stock. Smallwood Wealth Investment Management LLC purchased a new position in MongoDB during the second quarter valued at $34,000. NBH Bank bought a new stake in MongoDB during the second quarter valued at about $34,000. CX Institutional increased its position in MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in MongoDB in the first quarter worth about $34,000. Finally, Reflection Asset Management purchased a new stake in MongoDB in the fourth quarter worth about $66,000. 89.29% of the stock is owned by institutional investors.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.