Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 24,850 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the sale, the director directly owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MongoDB Price Performance

Shares of MDB stock traded down $4.65 during trading hours on Tuesday, reaching $414.06. 1,075,770 shares of the company traded hands, compared to its average volume of 2,360,174. The firm has a 50-day moving average price of $342.47 and a 200 day moving average price of $276.57. The company has a market cap of $33.69 billion, a P/E ratio of -475.93 and a beta of 1.45. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $424.64.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The company had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business earned $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. Sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Allworth Financial LP grew its stake in shares of MongoDB by 23.1% in the 3rd quarter. Allworth Financial LP now owns 1,167 shares of the company’s stock worth $362,000 after buying an additional 219 shares in the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of MongoDB by 33.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 8,264 shares of the company’s stock valued at $2,565,000 after acquiring an additional 2,056 shares during the last quarter. Cambria Investment Management L.P. grew its position in MongoDB by 1.5% in the third quarter. Cambria Investment Management L.P. now owns 7,050 shares of the company’s stock worth $2,188,000 after acquiring an additional 102 shares in the last quarter. Strategic Advocates LLC purchased a new position in MongoDB in the third quarter worth about $43,000. Finally, CIBC Bancorp USA Inc. bought a new stake in MongoDB during the third quarter worth approximately $909,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wedbush raised their price target on MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Wells Fargo & Company increased their target price on MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Bank of America boosted their price target on MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Rosenblatt Securities increased their price objective on shares of MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, DA Davidson lifted their price objective on shares of MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $415.39.

About MongoDB

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.