MongoDB (NASDAQ:MDB) Director Charles Hazard, Jr. Sells 595 Shares of Company Stock

MongoDB, Inc. (NASDAQ:MDB) Director Charles Hazard, Jr. sold 595 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $350.46, for a total value of $208,523.70. Following the sale, the director directly owned 44,642 shares in the company, valued at $15,645,235.32. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

NASDAQ MDB opened at $328.38 on Thursday. The firm has a market capitalization of $26.45 billion, a P/E ratio of 462.51, a PEG ratio of 30.53 and a beta of 1.74. The stock has a 50-day simple moving average of $377.94 and a two-hundred day simple moving average of $338.09. MongoDB, Inc. has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, analysts forecast that MongoDB, Inc. will post 0.50 earnings per share for the current year.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Zacks added MDB to its Rank #1 (Strong Buy) growth-stocks list for November 4, a favorable analyst-screening signal. Best Growth Stocks to Buy for November 4th
• Neutral Sentiment: MongoDB appointed Alex Newman to lead its Australia and New Zealand business. The leadership change could support regional execution, but no expected financial impact was reported. MongoDB appoints Alex Newman to lead Australia and New Zealand business
• Negative Sentiment: Directors reported share sales totaling about 19,870 shares on November 2. The transactions were made under pre-arranged Rule 10b5-1 plans, which may temper concern, and the directors retained substantial holdings. Director transaction filing
• Negative Sentiment: Coverage noted MongoDB shares falling alongside Snowflake and Akamai, suggesting weakness across some technology peers; the report did not identify a specific MongoDB catalyst. Snowflake, MongoDB, and Akamai shares are falling
• Negative Sentiment: MongoDB stock dipped while the broader market gained, indicating relative weakness in the session. MongoDB Stock Dips While Market Gains

Wall Street Analyst Weigh In

MDB has been the subject of several recent research reports. BMO Capital Markets cut their target price on shares of MongoDB from $450.00 to $420.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Barclays increased their price target on shares of MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Robert W. Baird increased their price target on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Needham & Company LLC restated a “buy” rating and set a $430.00 price target on shares of MongoDB in a research report on Tuesday, October 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $470.00 price objective on shares of MongoDB in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $461.91.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently added to or reduced their stakes in MDB. Cassaday & Co Wealth Management LLC purchased a new stake in MongoDB in the 1st quarter valued at $34,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of MongoDB during the 2nd quarter worth $34,000. NBH Bank purchased a new position in shares of MongoDB during the 2nd quarter worth $34,000. CX Institutional boosted its position in shares of MongoDB by 94.3% during the 2nd 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, WPG Advisers LLC boosted its position in shares of MongoDB by 49.1% during the 3rd quarter. WPG Advisers LLC now owns 167 shares of the company’s stock valued at $58,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.