Dwight Merriman Sells 8,000 Shares of MongoDB (NASDAQ:MDB) Stock

Key Points

• Director sale: Dwight Merriman sold 8,000 MongoDB shares on April 14 at an average $236.89 under a pre‑arranged Rule 10b5‑1 plan, generating $1.895M and reducing his stake by 0.79% to about 1,005,316 shares (≈$238.15M).
• Quarterly results: MongoDB beat estimates with $1.65 EPS (vs. $1.47) and $695.07M revenue (up 26.8% YoY), but remains unprofitable with a negative net margin (−2.89%) and negative ROE.
• Analyst sentiment: Several firms have cut targets (e.g., UBS to $275) though the consensus is a "Moderate Buy" with an average price target of $360.03; the stock trades below its 50‑ and 200‑day averages and has a market cap of about $20.18B.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 8,000 shares of the business's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $236.89, for a total value of $1,895,120.00. Following the completion of the transaction, the director directly owned 1,005,316 shares of the company's stock, valued at approximately $238,149,307.24. This trade represents a 0.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Up 2.9%

Shares of NASDAQ MDB traded up $7.08 during trading on Thursday, reaching $251.14. 1,488,219 shares of the company traded hands, compared to its average volume of 1,883,383. The firm has a 50 day simple moving average of $286.56 and a 200-day simple moving average of $342.31. The stock has a market capitalization of $20.18 billion, a PE ratio of -285.39 and a beta of 1.60. MongoDB, Inc. has a 52-week low of $148.88 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analysts' expectations of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on MDB shares. UBS Group reduced their price objective on MongoDB from $440.00 to $275.00 and set a "neutral" rating for the company in a research report on Tuesday, March 3rd. Oppenheimer cut their price target on MongoDB from $425.00 to $375.00 and set an "outperform" rating for the company in a research note on Tuesday, March 3rd. Zacks Research cut shares of MongoDB from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 31st. Wedbush dropped their price objective on shares of MongoDB from $440.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, March 3rd. Finally, Mizuho upgraded shares of MongoDB from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $290.00 to $325.00 in a research report on Monday, March 23rd. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $360.03.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stance Capital LLC purchased a new position in shares of MongoDB during the fourth quarter valued at about $1,393,000. Rockefeller Capital Management L.P. lifted its position in shares of MongoDB by 198.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,638 shares of the company's stock worth $5,724,000 after buying an additional 9,065 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of MongoDB in the fourth quarter worth about $168,000. Corient Private Wealth LLC boosted its stake in MongoDB by 41.5% during the fourth quarter. Corient Private Wealth LLC now owns 4,448 shares of the company's stock valued at $1,867,000 after buying an additional 1,304 shares during the last quarter. Finally, Worthington Financial Partners LLC purchased a new position in MongoDB during the 4th quarter valued at approximately $766,000. 89.29% of the stock is currently owned by institutional investors.

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.

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