MongoDB (NASDAQ:MDB) Director Hope Cochran Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director owned 27,010 shares of the company’s stock, valued at approximately $9,453,500. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

Shares of MDB stock traded down $5.40 during midday trading on Tuesday, reaching $398.48. 6,770,273 shares of the company traded hands, compared to its average volume of 2,617,160. MongoDB, Inc. has a 1-year low of $183.64 and a 1-year high of $444.72. The firm has a market cap of $32.03 billion, a PE ratio of -1,099.69 and a beta of 1.48. The firm’s 50 day simple moving average is $276.11 and its two-hundred day simple moving average is $333.69.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period in the previous year, the firm posted $1.00 EPS. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. 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 anticipate that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of several analyst reports. Truist Financial cut their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Needham & Company LLC reissued an “overweight” rating on shares of MongoDB in a research note on Friday. Piper Sandler upped their price target on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday. Citizens Jmp reaffirmed a “market outperform” rating and set a $366.00 price target on shares of MongoDB in a research report on Friday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 price objective on shares of MongoDB in a report on Tuesday, May 19th. Twenty-eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $394.45.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cramer Rosenthal Mcglynn LLC grew its position in MongoDB by 897.7% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after purchasing an additional 52,002 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MongoDB by 1,277.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after acquiring an additional 16,896 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of MongoDB by 42.1% in the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after acquiring an additional 39,978 shares in the last quarter. Kinetic Partners Management LP boosted its holdings in MongoDB by 27.2% during the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after buying an additional 41,810 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in MongoDB by 115.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after buying an additional 189,820 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: UBS raised its price target on MongoDB and kept a constructive view, adding to the bullish analyst momentum that has helped lift the stock. UBS Raises PT On MongoDB (MDB) To $350, Maintains “Neutral” Rating
• Positive Sentiment: Scotiabank increased its FY2027 earnings estimate for MongoDB, signaling improving profit expectations and reinforcing the post-earnings rally. MongoDB Price Performance
• Positive Sentiment: MongoDB’s recent earnings beat and strong revenue growth continue to support the stock, with the company also benefiting from a broader rotation into software names. MongoDB (MDB) Stock Trades Up, Here Is Why
• Positive Sentiment: The company announced upcoming presentations at several investor conferences, which could keep management in front of shareholders and analysts. MongoDB, Inc. to Present at Upcoming Investor Conferences
• Neutral Sentiment: MongoDB presented at the William Blair Growth Stock Conference; the transcript may offer additional color on strategy and outlook, but no new catalyst was highlighted in the headline. MongoDB, Inc. (MDB) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: Trefis argued the market may be getting ahead of itself on the AI/agentic-era story, suggesting MongoDB’s premium valuation may not be fully justified yet. Why The AI Agentic Era Doesn’t Justify A Premium For MongoDB Stock Just Yet

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.