Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 10,000 Shares of Stock

Key Points

• Mongodb, Inc. Director Dwight Merriman sold 10,000 shares at an average price of $311.62, totaling over $3.1 million, reducing his holdings by 0.93% to approximately 1.07 million shares.
• The company reported a net loss of ($0.38) earnings per share for the last quarter, missing expectations, although revenue was up 23.7% year-over-year at $591.4 million.
• MongoDB's stock has seen analyst ratings with a consensus of “Moderate Buy” and a target price averaging around $342.69.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 10,000 shares of the business's stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $311.62, for a total transaction of $3,116,200.00. Following the transaction, the director owned 1,069,316 shares in the company, valued at $333,220,251.92. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

MongoDB Price Performance

MDB traded down $3.48 on Thursday, hitting $314.35. The company had a trading volume of 1,643,140 shares, compared to its average volume of 2,440,485. The stock has a fifty day simple moving average of $290.82 and a 200-day simple moving average of $227.67. The firm has a market capitalization of $25.57 billion, a P/E ratio of -320.77 and a beta of 1.50. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($1.04). The firm had revenue of $591.40 million for the quarter, compared to analysts' expectations of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm's revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MDB shares. Weiss Ratings restated a "sell (e+)" rating on shares of MongoDB in a report on Wednesday, October 8th. Wells Fargo & Company started coverage on shares of MongoDB in a report on Tuesday, September 30th. They issued an "overweight" rating and a $430.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of MongoDB from $315.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday, September 18th. Needham & Company LLC raised their price objective on MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Finally, Stifel Nicolaus lifted their price objective on MongoDB from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $342.69.

Institutional Trading of MongoDB

A number of large investors have recently made changes to their positions in the stock. 180 Wealth Advisors LLC bought a new position in MongoDB during the third quarter valued at approximately $222,000. Blue Trust Inc. lifted its holdings in shares of MongoDB by 5.0% during the 3rd quarter. Blue Trust Inc. now owns 2,054 shares of the company's stock valued at $638,000 after buying an additional 97 shares during the period. Avanza Fonder AB boosted its stake in shares of MongoDB by 50.8% in the 3rd quarter. Avanza Fonder AB now owns 5,230 shares of the company's stock worth $1,623,000 after buying an additional 1,761 shares during the last quarter. CWM LLC grew its holdings in shares of MongoDB by 11.8% in the third quarter. CWM LLC now owns 18,977 shares of the company's stock worth $5,890,000 after acquiring an additional 2,010 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of MongoDB by 209.0% in the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company's stock worth $1,412,000 after acquiring an additional 3,077 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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