Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 595 Shares of Company Stock

Key Points

• MongoDB director Charles Hazard Jr. sold 595 shares for about $208,524 at an average price of $350.46 under a pre-arranged Rule 10b5-1 plan. He retained 44,642 shares after the sale.
• MongoDB shares fell 2.1% to $328.38 in Wednesday midday trading. The company’s latest reported quarter beat analyst expectations, with EPS of $1.90 and revenue of $771.77 million, up 30.5% year over year.
• Analysts maintain a “Moderate Buy” consensus and an average price target of $461.91; the article reports that 89.29% of MongoDB shares are held by institutional investors.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Charles Hazard, Jr. sold 595 shares of the firm's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.46, for a total value of $208,523.70. Following the completion of the sale, the director directly owned 44,642 shares in the company, valued at approximately $15,645,235.32. The trade was a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 2.1%

Shares of NASDAQ MDB traded down $6.99 during midday trading on Wednesday, hitting $328.38. 1,501,879 shares of the company's stock were exchanged, compared to its average volume of 1,991,840. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10. The company has a market cap of $26.45 billion, a price-to-earnings ratio of 462.51, a PEG ratio of 30.08 and a beta of 1.74. The business's fifty day moving average price is $379.47 and its two-hundred day moving average price is $338.40.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same period in the previous year, the business posted $1.00 earnings per share. MongoDB's revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities analysts expect that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on MDB shares. Wall Street Zen raised MongoDB from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Monness Crespi & Hardt lifted their price target on MongoDB from $460.00 to $500.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Piper Sandler reiterated an "overweight" rating and issued a $470.00 price objective on shares of MongoDB in a report on Wednesday, September 30th. Evercore reiterated an "outperform" rating on shares of MongoDB in a research report on Thursday, September 24th. Finally, The Goldman Sachs Group raised their price objective on MongoDB from $453.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $461.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Smallwood Wealth Investment Management LLC bought a new position in MongoDB during the 2nd quarter worth approximately $34,000. NBH Bank purchased a new position in MongoDB in the 2nd quarter worth approximately $34,000. CX Institutional lifted its position in MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company's stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in MongoDB in the first quarter valued at approximately $34,000. Finally, WPG Advisers LLC boosted its stake in shares of MongoDB by 49.1% during the third quarter. WPG Advisers LLC now owns 167 shares of the company's stock valued at $58,000 after purchasing an additional 55 shares during the period. 89.29% of the stock is owned by institutional investors.

About MongoDB

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.

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