Dwight Merriman Sells 6,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the completion of the transaction, the director owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. The trade was a 1.31% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

Shares of MDB stock opened at $440.53 on Thursday. MongoDB, Inc. has a one year low of $206.92 and a one year high of $473.10. The company’s fifty day moving average price is $353.93 and its 200-day moving average price is $317.75. The company has a market capitalization of $35.43 billion, a price-to-earnings ratio of -1,190.62, a PEG ratio of 3,087.46 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the prior year, the firm posted $1.00 EPS. MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities research analysts expect that MongoDB, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Mizuho lifted their target price on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Stifel Nicolaus set a $475.00 price objective on shares of MongoDB in a report on Tuesday. Monness Crespi & Hardt lifted their price objective on shares of MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Zacks Research raised shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Robert W. Baird upped their target price on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $427.48.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Citizens JMP raised its price target on MongoDB from $366 to $519 and assigned a “Market Outperform” rating. The new target implies approximately 17.8% upside from the referenced share price, providing a significant bullish signal for investors. Benzinga
• Positive Sentiment: Guggenheim also expressed a bullish view and raised its price target, with analyst Howard Ma citing substantial potential upside. The move adds to a cluster of favorable analyst calls, including recent target increases from Citigroup and Oppenheimer. Guggenheim raises MongoDB price target
• Positive Sentiment: MongoDB’s latest reported quarter showed 25.2% year-over-year revenue growth, revenue above consensus, and adjusted earnings of $1.32 per share versus the $1.19 estimate. The company’s fiscal 2027 earnings guidance also supports the growth narrative behind the higher price targets.
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus rating of “Moderate Buy.” However, the average price target of $418.26 is below the referenced share price, suggesting that some analysts view much of the expected improvement as already reflected in the stock.
• Negative Sentiment: Director Dwight Merriman sold 6,000 shares for approximately $2.7 million after previously selling 10,000 shares. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, and he still retains a substantial stake, which reduces—but does not eliminate—the negative signal from insider selling. MongoDB insider trading report
• Negative Sentiment: Some market commentary cautions that investors are assigning an AI premium to MongoDB without the company quantifying the contribution. That creates execution and valuation risk, particularly with the stock trading near its 52-week high and at demanding valuation multiples.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its position in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB during the fourth quarter valued at $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB in the first quarter valued at $34,000. CX Institutional raised its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.