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

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

MongoDB Price Performance

Shares of MDB opened at $395.71 on Friday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $419.50. The stock has a market cap of $32.20 billion, a price-to-earnings ratio of -455.50 and a beta of 1.45. The firm has a 50 day simple moving average of $338.61 and a 200-day simple moving average of $272.19.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.MongoDB’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday. Sanford C. Bernstein boosted their price objective on shares of MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup increased their target price on MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays upped their price target on MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Wedbush lifted their price objective on MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $415.39.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Huntington National Bank increased its position in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. Promus Capital LLC purchased a new stake in MongoDB during the 2nd quarter worth approximately $36,000. TD Private Client Wealth LLC raised its position in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in shares of MongoDB during the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.