MongoDB (NASDAQ:MDB) Director Sells $208,523.70 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Charles Hazard, Jr. sold 595 shares of MongoDB stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $350.46, for a total transaction of $208,523.70. Following the sale, the director owned 44,642 shares of the company’s stock, valued at approximately $15,645,235.32. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

MDB stock opened at $312.83 on Friday. The company has a market capitalization of $25.20 billion, a PE ratio of 440.61, a P/E/G ratio of 30.08 and a beta of 1.74. MongoDB, Inc. has a 12 month low of $215.68 and a 12 month high of $473.10. The firm’s 50-day moving average is $373.35 and its 200 day moving average is $337.26.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. The company 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 firm’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Sell-side analysts forecast that MongoDB, Inc. will post 0.50 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on MDB shares. Piper Sandler reiterated an “overweight” rating and issued a $470.00 price objective on shares of MongoDB in a research note on Wednesday, September 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $540.00 price objective on shares of MongoDB in a research note on Friday, October 2nd. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $430.00 price target on shares of MongoDB in a report on Tuesday, October 13th. Finally, Barclays lifted their price target on shares of MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $461.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MDB. MassMutual Private Wealth & Trust FSB increased its holdings in MongoDB by 5,333.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 8,150 shares of the company’s stock worth $2,841,000 after purchasing an additional 8,000 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab lifted its position in shares of MongoDB by 48.7% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after acquiring an additional 6,819 shares during the period. National Pension Service raised its stake in shares of MongoDB by 10.7% during the second quarter. National Pension Service now owns 153,687 shares of the company’s stock worth $51,623,000 after buying an additional 14,866 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of MongoDB by 19.9% in the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after acquiring an additional 21,273 shares during the last quarter. Finally, Daventry Group LP boosted its position in shares of MongoDB by 21.3% during the 1st quarter. Daventry Group LP now owns 82,105 shares of the company’s stock worth $20,097,000 after acquiring an additional 14,412 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

About MongoDB

MongoDB, Inc develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases.

The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.