MongoDB (NASDAQ:MDB) Director Roelof Botha Sells 24,850 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction on Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director owned 194,600 shares in the company, valued at approximately $78,978,410. This trade represents a 11.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

MongoDB Stock Down 1.1%

Shares of NASDAQ:MDB opened at $414.06 on Wednesday. The firm 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. The business has a fifty day simple moving average of $344.54 and a 200 day simple moving average of $278.17.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MDB shares. Morgan Stanley lifted their target price on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Scotiabank boosted their price objective on MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 2nd. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group raised their target price on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Rosenblatt Securities boosted their price target on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $415.39.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently modified their holdings of MDB. Huntington National Bank raised its holdings in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the last quarter. Montag A & Associates Inc. increased its position in shares of MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 101 shares in the last quarter. Promus Capital LLC acquired a new stake in shares of MongoDB in the 2nd quarter worth about $36,000. TD Private Client Wealth LLC lifted its position in 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 acquiring an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in MongoDB in the 3rd quarter valued at about $37,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Company Profile

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.