Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $4,705,900.00 in Stock

Key Points

• MongoDB director Dwight Merriman sold 10,000 shares at an average price of $470.59, generating $4.71 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 962,953 shares.
• MongoDB shares recently traded at $434.62, near their one-year high of $473.10, while the company reported quarterly revenue of $687.62 million and EPS of $1.32, exceeding analyst expectations.
• Wall Street maintains a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $418.26; institutional investors own approximately 89.29% of the company.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 10,000 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the completion of the transaction, the director owned 962,953 shares in the company, valued at approximately $453,156,052.27. This trade represents a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

MongoDB stock traded down $4.08 during trading hours on Tuesday, hitting $434.62. The company had a trading volume of 1,119,103 shares, compared to its average volume of 1,884,776. The firm has a 50-day moving average of $350.20 and a 200 day moving average of $317.12. The firm has a market cap of $34.96 billion, a PE ratio of -1,174.65, a PEG ratio of 3,270.10 and a beta of 1.55. MongoDB, Inc. has a one year low of $206.92 and a one year high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analysts' expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business's revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts expect that MongoDB, Inc. will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC grew its stake in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock worth $27,000 after buying an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of MongoDB during the 4th quarter worth approximately $33,000. Root Financial Partners LLC boosted its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company's stock worth $37,000 after acquiring an additional 32 shares in the last quarter. CX Institutional increased its stake 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 acquiring an additional 50 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp raised its position in MongoDB by 500.0% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 120 shares of the company's stock valued at $50,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MDB. Robert W. Baird increased their price objective on MongoDB from $260.00 to $335.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 20th. Truist Financial upped their price target on shares of MongoDB from $375.00 to $400.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Zacks Research raised shares of MongoDB from a "strong sell" rating to a "hold" rating in a research report on Friday, May 15th. Citizens Jmp reiterated a "market outperform" rating and issued a $366.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Finally, Needham & Company LLC increased their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $418.26.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

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