Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 4,000 Shares of Stock

Key Points

• Dwight Merriman, a director at MongoDB, sold 4,000 shares of stock at an average price of $315.99, totaling approximately $1.26 million, reducing his ownership by 0.78%.
• MongoDB's stock recently traded at $314.35 and has a market cap of $25.57 billion with a P/E ratio of -320.77.
• Research analysts have increased their price targets for MongoDB, with estimates ranging from $350 to $400, reflecting a strong buying sentiment among analysts.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $315.99, for a total transaction of $1,263,960.00. Following the completion of the transaction, the director owned 510,896 shares in the company, valued at approximately $161,438,027.04. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

MongoDB Stock Performance

MongoDB stock traded down $3.48 during trading hours on Thursday, reaching $314.35. 1,643,140 shares of the stock were exchanged, compared to its average volume of 2,440,485. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The stock has a market cap of $25.57 billion, a P/E ratio of -320.77 and a beta of 1.50. The firm's 50 day moving average is $290.82 and its 200 day moving average is $227.67.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly 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). The firm had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company's revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. 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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on MDB shares. Truist Financial upped their price objective on MongoDB from $330.00 to $375.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. Needham & Company LLC upped their price target on shares of MongoDB from $325.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Stifel Nicolaus increased their price target on shares of MongoDB from $325.00 to $375.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Piper Sandler boosted their price objective on shares of MongoDB from $345.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $350.00 target price on shares of MongoDB in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $342.69.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock valued at $1,796,321,000 after purchasing an additional 744,547 shares during the period. State Street Corp boosted its stake in MongoDB by 5.0% in the 2nd quarter. State Street Corp now owns 1,693,194 shares of the company's stock worth $355,554,000 after buying an additional 80,334 shares during the last quarter. Geode Capital Management LLC grew its holdings in MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company's stock valued at $292,597,000 after buying an additional 68,611 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of MongoDB by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock valued at $223,011,000 after acquiring an additional 129,451 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock worth $233,435,000 after acquiring an additional 1,069,969 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

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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