MongoDB (NASDAQ:MDB) Director Sells $440,002.50 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 1,190 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the sale, the director directly owned 80,462 shares in the company, valued at $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $344.50 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $444.72. The firm has a 50-day moving average of $404.30 and a 200 day moving average of $336.68. The stock has a market cap of $28.04 billion, a P/E ratio of -395.98 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last released its 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 analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. ValueAct Holdings L.P. grew its position in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the period. AQR Capital Management LLC boosted its stake in shares of MongoDB by 2,567.2% in the second 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. Jericho Capital Asset Management L.P. grew its holdings in MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares in the last quarter. Norges Bank purchased a new position in MongoDB during the second quarter valued at $164,338,000. Finally, Vanguard Group Inc. grew its position in shares of MongoDB by 9.5% during 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 in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Canaccord Genuity Group boosted their price target on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein increased their price objective on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Barclays lifted their price objective on MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, KeyCorp restated a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $422.29.

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.