Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 2,000 Shares of Stock

Key Points

• MongoDB Director Dwight Merriman sold 2,000 shares at an average price of $322.00, totaling $644,000, resulting in a 0.39% decrease in his ownership.
• MongoDB's stock has recently traded down 1.1% to $314.35, with a market cap of $25.57 billion and a P/E ratio of -320.77.
• Analysts maintain a mixed outlook on MongoDB, with two Strong Buy ratings but also the lowest rating being a Sell, reflecting diverse confidence in its future performance.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 2,000 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $322.00, for a total transaction of $644,000.00. Following the completion of the sale, the director owned 508,896 shares in the company, valued at approximately $163,864,512. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

MongoDB Stock Down 1.1%

Shares of MDB traded down $3.48 during trading hours on Thursday, reaching $314.35. The stock had a trading volume of 1,643,140 shares, compared to its average volume of 2,440,485. The company has a market cap 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. The firm has a 50-day moving average of $290.82 and a 200 day moving average of $227.67.

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

Hedge Funds Weigh In On MongoDB

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock valued at $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of MongoDB in the 1st quarter valued at approximately $161,543,000. Norges Bank bought a new position in shares of MongoDB in the second quarter valued at $164,338,000. Primecap Management Co. CA increased its holdings in MongoDB by 863.5% during the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock worth $152,694,000 after buying an additional 780,200 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock worth $1,796,321,000 after acquiring an additional 744,547 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MDB shares. Bank of America raised their target price on shares of MongoDB from $345.00 to $380.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. Wedbush boosted their price objective on shares of MongoDB from $300.00 to $400.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Guggenheim upped their target price on shares of MongoDB from $310.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Barclays lifted their price target on MongoDB from $305.00 to $345.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of MongoDB in a research report on Wednesday, October 8th. Two equities research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $342.69.

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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