Michael Berry Sells 5,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Berry sold 5,000 shares of MongoDB stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 6,500 shares of the company’s stock, valued at $2,318,095. The trade was a 43.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

MDB stock traded down $14.12 during trading on Wednesday, hitting $334.69. 1,502,209 shares of the company traded hands, compared to its average volume of 2,004,823. MongoDB, Inc. has a 1 year low of $196.00 and a 1 year high of $444.72. The stock’s 50-day simple moving average is $299.95 and its 200 day simple moving average is $335.21. The company has a market cap of $26.92 billion, a PE ratio of -904.57, a P/E/G ratio of 1,277.37 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the company earned $1.00 EPS. The business’s revenue was up 25.2% on a year-over-year basis. 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 expect that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings downgraded MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Needham & Company LLC reaffirmed an “overweight” rating on shares of MongoDB in a research note on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and set a $385.00 target price on shares of MongoDB in a research report on Tuesday, May 26th. Scotiabank reissued an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. Finally, UBS Group boosted their price target on shares of MongoDB from $275.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $396.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of MongoDB by 5.0% during the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after buying an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. boosted its position in MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares during the last quarter. State Street Corp grew its stake in MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after acquiring an additional 40,219 shares in the last quarter. Amundi grew its stake in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after acquiring an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in MongoDB by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares during the last quarter. Hedge funds and other 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.