Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $2,979,900.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the transaction, the director directly owned 993,316 shares in the company, valued at $295,998,234.84. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

Shares of MDB opened at $329.14 on Thursday. The firm has a market capitalization of $26.45 billion, a price-to-earnings ratio of -374.02 and a beta of 1.48. MongoDB, Inc. has a one year low of $182.43 and a one year high of $444.72. The stock’s fifty day moving average is $266.18 and its 200-day moving average is $335.52.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. Analysts forecast that MongoDB, Inc. will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after purchasing an additional 431,382 shares during the period. ValueAct Holdings L.P. boosted its position in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares during the period. State Street Corp boosted its position in MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after acquiring an additional 40,219 shares during the period. Amundi boosted its position in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares during the period. Finally, Geode Capital Management LLC boosted its position in MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after acquiring an additional 9,693 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Wedbush lowered their target price on MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $425.00 target price on shares of MongoDB in a report on Monday, March 2nd. Stifel Nicolaus lowered their target price on MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Scotiabank raised MongoDB from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $275.00 to $310.00 in a report on Thursday, March 5th. Twenty-six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.37.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: BMO Capital raised its price target on MongoDB to $360 from $285, citing durable growth potential and a strong position in the database market. MongoDB (MDB) Remains Well-Positioned In The Database Market And Has Durable Growth Potential, Says BMO Capital
• Positive Sentiment: Bank of America lifted its target to $375 and reiterated a Buy rating, saying demand trends and execution remain strong, especially for Atlas and other cloud offerings. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed an Outperform rating and increased its target to $395, reinforcing the bullish view that MongoDB can benefit from AI-related workload growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Neutral Sentiment: Robert W. Baird raised its price target to $335 from $260 but kept a Neutral rating, signaling improved expectations without turning fully bullish.
• Neutral Sentiment: Recent commentary also highlighted MongoDB’s AI data-platform push, including new integrations and performance upgrades, which could support longer-term growth if adoption continues. Is MongoDB’s (MDB) All-in-One AI Data Push Quietly Reshaping Its Long-Term Competitive Moat?
• Negative Sentiment: Insider selling remains a concern, with director Dwight Merriman recently disclosing share sales, which can weigh on investor sentiment even when done under a pre-arranged plan. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of 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.