Dwight Merriman Sells 1,130 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 1,130 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $334.25, for a total transaction of $377,702.50. Following the completion of the transaction, the director owned 982,953 shares in the company, valued at approximately $328,552,040.25. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

Shares of MDB stock opened at $354.88 on Friday. The company has a market capitalization of $28.54 billion, a price-to-earnings ratio of -959.14, a price-to-earnings-growth ratio of 1,279.90 and a beta of 1.55. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72. The company’s 50-day moving average is $321.07 and its 200 day moving average is $330.02.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on MDB. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 target price on shares of MongoDB in a research note on Tuesday, May 19th. Stifel Nicolaus set a $435.00 price target on MongoDB in a research note on Friday, May 29th. DA Davidson reaffirmed a “buy” rating and set a $375.00 price target on shares of MongoDB in a report on Friday, May 29th. Morgan Stanley increased their price objective on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Finally, Mizuho lifted their price objective on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.39.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently added to or reduced their stakes in MDB. Clark Financial Services Group Inc. BD raised its stake in MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after buying an additional 25 shares during the last quarter. Root Financial Partners LLC boosted its stake 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 buying an additional 32 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after buying an additional 36 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after acquiring an additional 36 shares during the period. Finally, Basecamp Wealth Advisors LLC grew its holdings in shares of MongoDB by 14.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after acquiring an additional 36 shares during the period. 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.