MongoDB (NASDAQ:MDB) Director Dwight Merriman Sells 10,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the transaction, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Stock Up 1.2%

Shares of NASDAQ:MDB opened at $430.18 on Friday. The firm has a 50 day moving average of $360.34 and a 200 day moving average of $290.53. The company has a market capitalization of $35.01 billion, a price-to-earnings ratio of -494.46 and a beta of 1.45. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $432.55.

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

Analyst Ratings Changes

A number of research firms recently commented on MDB. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 15th. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Argus boosted their target price on MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Sanford C. Bernstein increased their price target on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada raised their price target on MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $414.97.

Hedge Funds Weigh In On MongoDB

Large investors have recently made changes to their positions in the company. Hudson Bay Capital Management LP raised its holdings in shares of MongoDB by 4,422.3% during the third quarter. Hudson Bay Capital Management LP now owns 40,203 shares of the company’s stock valued at $12,478,000 after acquiring an additional 39,314 shares during the last quarter. Allworth Financial LP boosted its position in shares of MongoDB by 23.1% during the 3rd quarter. Allworth Financial LP now owns 1,167 shares of the company’s stock valued at $362,000 after acquiring an additional 219 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of MongoDB by 33.1% in the third quarter. Swiss Life Asset Management Ltd now owns 8,264 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,056 shares during the period. Cambria Investment Management L.P. increased its position in MongoDB by 1.5% during the third quarter. Cambria Investment Management L.P. now owns 7,050 shares of the company’s stock worth $2,188,000 after purchasing an additional 102 shares during the last quarter. Finally, Strategic Advocates LLC purchased a new position in MongoDB during the third quarter worth about $43,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

About MongoDB

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.