MongoDB (NASDAQ:MDB) Stock: Insider Dwight Merriman Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $377.00, for a total transaction of $377,000.00. Following the sale, the director owned 448,896 shares of the company’s stock, valued at approximately $169,233,792. The trade was a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 2.2%

MDB stock traded down $8.22 during trading on Tuesday, reaching $373.07. 3,029,698 shares of the stock were exchanged, compared to its average volume of 2,028,661. The firm has a market capitalization of $30.05 billion, a price-to-earnings ratio of 525.45, a P/E/G ratio of 41.46 and a beta of 1.74. The business has a 50 day moving average price of $396.26 and a 200-day moving average price of $338.03. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, research analysts anticipate that MongoDB, Inc. will post 0.47 EPS for the current year.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America Securities reaffirmed its Buy rating and $540 price target after meeting with MongoDB management. The firm cited MongoDB’s document-oriented database as a differentiated platform for companies modernizing legacy systems and building AI applications, supporting confidence in the company’s long-term AI strategy. MongoDB gains as BofA highlights long-term AI strategy potential
• Positive Sentiment: Scotiabank added MongoDB to its top-picks list, while Bank of America praised the company’s investor-day outlook. The analyst support helped reinforce expectations that AI adoption and enterprise modernization can drive future demand. Why MongoDB stock is trading up today
• Positive Sentiment: Needham also reaffirmed its Buy rating and set a $430 price target, implying additional upside from the referenced share price. The continued agreement among analysts provides a favorable near-term sentiment catalyst. Needham reiterates buy rating on MongoDB
• Neutral Sentiment: Concerns about OpenAI’s lower-than-expected reported revenue run rate have raised questions about AI-company valuations, Oracle’s large AI-compute contract and the pace of future infrastructure demand. These concerns could create volatility across AI-related stocks, although they may also present an opportunity if MongoDB continues benefiting from enterprise AI adoption. OpenAI’s revenue scare could be a big opportunity for investors
• Negative Sentiment: A law firm issued a solicitation asking MongoDB shareholders to discuss potential claims involving company insiders. The notice does not establish wrongdoing, but such shareholder litigation inquiries can add reputational and legal uncertainty. Shareholder inquiry regarding MongoDB insiders

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently modified their holdings of the business. Employees Provident Fund Board acquired a new stake in shares of MongoDB in the fourth quarter valued at $203,365,000. Polar Capital Holdings Plc boosted its holdings in MongoDB by 730.6% in the fourth quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after purchasing an additional 379,289 shares during the period. Sei Investments Co. grew its stake in MongoDB by 125.3% during the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after purchasing an additional 204,446 shares in the last quarter. Contour Asset Management LLC acquired a new position in MongoDB during the 4th quarter worth $83,495,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in MongoDB by 55.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after purchasing an additional 195,250 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citizens Jmp reaffirmed a “market outperform” rating and issued a $519.00 price target on shares of MongoDB in a research note on Wednesday, September 30th. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Robert W. Baird raised their price objective on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Citigroup restated a “market outperform” rating on shares of MongoDB in a report on Monday, September 28th. Finally, Stifel Nicolaus decreased their target price on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $462.91.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.