MongoDB (NASDAQ:MDB) Director Sells 10,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $359.97, for a total value of $3,599,700.00. Following the sale, the director directly owned 952,953 shares of the company’s stock, valued at $343,034,491.41. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 mid-day trading on Tuesday, reaching $373.07. The company’s stock had a trading volume of 3,029,698 shares, compared to its average volume of 2,028,661. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 525.45, a price-to-earnings-growth ratio of 41.46 and a beta of 1.74. The business’s 50 day moving average price is $396.26 and its 200 day moving average price is $338.03. MongoDB, Inc. has a 12 month low of $215.68 and a 12 month high of $473.10.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, equities analysts expect that MongoDB, Inc. will post 0.47 EPS for the current fiscal year.

More MongoDB News

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of MongoDB in a research report on Monday, September 28th. Oppenheimer raised their price target on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Stephens reduced their price target on shares of MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of MongoDB in a research note on Wednesday, September 30th. Finally, Stifel Nicolaus dropped their price objective on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $462.91.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new position in MongoDB during the first quarter valued at about $34,000. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB during the second quarter worth about $34,000. NBH Bank bought a new stake in MongoDB in the second quarter worth about $34,000. CX Institutional raised its position in MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in MongoDB by 27.1% in the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock worth $60,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.