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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the sale, the director owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 0.9%

NASDAQ:MDB opened at $434.62 on Wednesday. MongoDB, Inc. has a 12 month low of $206.92 and a 12 month high of $473.10. The firm’s 50 day moving average is $352.08 and its 200 day moving average is $317.28. The stock has a market capitalization of $34.96 billion, a PE ratio of -1,174.65, a price-to-earnings-growth ratio of 3,270.10 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same period in the prior year, the company earned $1.00 earnings per share. MongoDB’s 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. Research analysts predict that MongoDB, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price objective on MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. KGI Securities began coverage on shares of MongoDB in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price for the company. Mizuho boosted their price target on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Tigress Financial upped their price target on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada lifted their price objective on shares of MongoDB from $395.00 to $515.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $418.26.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its stake in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in MongoDB in the 4th quarter worth approximately $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in MongoDB in the 1st quarter worth approximately $34,000. CX Institutional boosted its holdings in MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares during the period. Finally, Root Financial Partners LLC grew its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Company Profile

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.