MongoDB (NASDAQ:MDB) Director Sells $1,263,960.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 4,000 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $315.99, for a total value of $1,263,960.00. Following the completion of the transaction, the director owned 510,896 shares of the company’s stock, valued at $161,438,027.04. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

MongoDB Price Performance

MDB opened at $318.53 on Friday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The business has a 50-day moving average of $294.73 and a two-hundred day moving average of $229.95. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of -325.03 and a beta of 1.50.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same period in the prior year, the business posted $0.70 earnings per share. MongoDB’s revenue was up 23.7% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Institutional Trading of MongoDB

A number of hedge funds have recently made changes to their positions in MDB. Tealwood Asset Management Inc. purchased a new position in shares of MongoDB in the third quarter valued at $324,000. Perigon Wealth Management LLC lifted its holdings in MongoDB by 12.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 2,720 shares of the company’s stock worth $844,000 after buying an additional 295 shares in the last quarter. Apollon Wealth Management LLC boosted its position in MongoDB by 15.7% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,507 shares of the company’s stock valued at $468,000 after buying an additional 204 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of MongoDB during the third quarter valued at about $222,000. Finally, Blue Trust Inc. grew its stake in shares of MongoDB by 5.0% during the third quarter. Blue Trust Inc. now owns 2,054 shares of the company’s stock valued at $638,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wedbush increased their target price on MongoDB from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Macquarie raised their price objective on MongoDB from $265.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. The Goldman Sachs Group boosted their target price on MongoDB from $325.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Wells Fargo & Company began coverage on shares of MongoDB in a research report on Tuesday, September 30th. They set an “overweight” rating and a $430.00 target price for the company. Finally, BMO Capital Markets lifted their price target on shares of MongoDB from $315.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $342.69.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.