Dwight Merriman Sells 4,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 4,000 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $410.00, for a total transaction of $1,640,000.00. Following the completion of the transaction, the director directly owned 1,051,316 shares of the company’s stock, valued at $431,039,560. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

MongoDB Price Performance

Shares of MongoDB stock traded down $9.21 during midday trading on Thursday, hitting $396.73. 2,512,647 shares of the company were exchanged, compared to its average volume of 2,367,194. The firm has a market cap of $32.28 billion, a P/E ratio of -456.01 and a beta of 1.45. The firm has a 50 day simple moving average of $336.98 and a 200-day simple moving average of $271.32. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $419.50.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. The firm had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.11%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Institutional Investors Weigh In On MongoDB

Large investors have recently bought and sold shares of the company. Huntington National Bank raised its holdings in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. Montag A & Associates Inc. increased its position in shares of MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares in the last quarter. Promus Capital LLC acquired a new stake in MongoDB during the 2nd quarter worth $36,000. TD Private Client Wealth LLC raised its stake in MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares during the period. Finally, Hollencrest Capital Management bought a new position in MongoDB during the third quarter worth about $37,000. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of several research reports. Barclays upped their price target on shares of MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a research report on Tuesday. Cantor Fitzgerald boosted their target price on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research note on Tuesday. Argus upped their target price on shares of MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup raised their price target on shares of MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Scotiabank boosted their price objective on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $414.30.

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.