MongoDB (NASDAQ:MDB) Director Dwight Merriman Sells 1,000 Shares of Stock

Key Points

• MongoDB director Dwight Merriman sold 1,000 shares at an average price of $377, generating $377,000; the transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his stake by 0.22%.
• MongoDB shares fell 2.2% to about $373, while the company reported quarterly EPS and revenue above analyst expectations, with revenue up 30.5% year over year.
• Institutional investors own 89.29% of the company, and analysts remain broadly positive, giving MongoDB a “Moderate Buy” consensus rating and an average price target of $462.91.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 1,000 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $377.00, for a total value of $377,000.00. Following the transaction, the director directly owned 448,896 shares of the company's stock, valued at $169,233,792. The trade was a 0.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Down 2.2%

Shares of NASDAQ MDB traded down $8.22 during midday trading on Tuesday, hitting $373.07. The stock had a trading volume of 3,029,698 shares, compared to its average volume of 2,028,661. The company has a market capitalization of $30.05 billion, a PE ratio of 525.45, a P/E/G ratio of 41.46 and a beta of 1.74. The stock has a 50 day simple moving average of $396.26 and a 200-day simple moving average of $338.03. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the previous year, the company posted $1.00 earnings per share. The business's revenue 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. As a group, analysts expect that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Fred Alger Management LLC boosted its stake in MongoDB by 7.3% during the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company's stock worth $235,704,000 after buying an additional 38,225 shares during the last quarter. Employees Provident Fund Board purchased a new stake in MongoDB in the 4th quarter valued at $203,365,000. Polar Capital Holdings Plc increased its stake in shares of MongoDB by 730.6% in the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company's stock worth $180,973,000 after acquiring an additional 379,289 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of MongoDB by 14.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 428,495 shares of the company's stock worth $179,835,000 after acquiring an additional 52,776 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company's stock worth $135,922,000 after acquiring an additional 1,852 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America Securities reaffirmed its Buy rating and $540 price target after meeting with MongoDB management. The firm cited MongoDB’s document-oriented database as a differentiated platform for companies modernizing legacy systems and building AI applications, supporting confidence in the company’s long-term AI strategy. MongoDB gains as BofA highlights long-term AI strategy potential
• Positive Sentiment: Scotiabank added MongoDB to its top-picks list, while Bank of America praised the company’s investor-day outlook. The analyst support helped reinforce expectations that AI adoption and enterprise modernization can drive future demand. Why MongoDB stock is trading up today
• Positive Sentiment: Needham also reaffirmed its Buy rating and set a $430 price target, implying additional upside from the referenced share price. The continued agreement among analysts provides a favorable near-term sentiment catalyst. Needham reiterates buy rating on MongoDB
• Neutral Sentiment: Concerns about OpenAI’s lower-than-expected reported revenue run rate have raised questions about AI-company valuations, Oracle’s large AI-compute contract and the pace of future infrastructure demand. These concerns could create volatility across AI-related stocks, although they may also present an opportunity if MongoDB continues benefiting from enterprise AI adoption. OpenAI's revenue scare could be a big opportunity for investors
• Negative Sentiment: A law firm issued a solicitation asking MongoDB shareholders to discuss potential claims involving company insiders. The notice does not establish wrongdoing, but such shareholder litigation inquiries can add reputational and legal uncertainty. Shareholder inquiry regarding MongoDB insiders

Analyst Ratings Changes

Several equities research analysts have issued reports on MDB shares. Morgan Stanley reaffirmed an "overweight" rating on shares of MongoDB in a research note on Wednesday, September 30th. Stephens reduced their target price on shares of MongoDB from $398.00 to $372.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 30th. Guggenheim reiterated a "buy" rating and issued a $560.00 target price on shares of MongoDB in a research report on Tuesday, September 29th. Robert W. Baird raised their price target on shares of MongoDB from $335.00 to $400.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 25th. Finally, KGI Securities started coverage on shares of MongoDB in a research note on Wednesday, July 8th. They issued an "outperform" rating and a $470.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $462.91.

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.

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