MongoDB (NASDAQ:MDB) Stock: Insider Archana Agrawal Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Archana Agrawal sold 1,000 shares of MongoDB stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the completion of the sale, the director directly owned 4,328 shares in the company, valued at $1,731,200. This represents a 18.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 7.9%

Shares of MDB stock opened at $337.57 on Friday. The company has a market cap of $27.19 billion, a price-to-earnings ratio of 1,593.43, a price-to-earnings-growth ratio of 35.48 and a beta of 1.74. The stock has a 50 day simple moving average of $394.42 and a 200-day simple moving average of $340.63. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10.

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

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently bought and sold shares of the company. Fred Alger Management LLC grew its holdings in MongoDB by 7.3% in the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after purchasing an additional 38,225 shares during the last quarter. Employees Provident Fund Board acquired a new position in shares of MongoDB during the 4th quarter worth $203,365,000. Polar Capital Holdings Plc raised its stake in shares of MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock worth $180,973,000 after buying an additional 379,289 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of MongoDB by 14.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 428,495 shares of the company’s stock worth $179,835,000 after buying an additional 52,776 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after buying an additional 1,852 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB’s expanding large-enterprise customer base is driving higher consumption of MongoDB Atlas, recurring revenue growth and wider adoption of AI-powered database capabilities. This supports the long-term growth case for the cloud platform. MongoDB enterprise customer growth article
• Positive Sentiment: Recent operating results remain strong: MongoDB previously exceeded quarterly earnings and revenue expectations, with revenue increasing 30.5% year over year. Analysts also maintain a generally favorable outlook, with the consensus rating at “Moderate Buy” and a target price well above recent trading levels. MongoDB analyst and earnings information
• Neutral Sentiment: A head-to-head comparison with Salesforce places MongoDB’s investment case alongside another large-cap software company, focusing on earnings, profitability, valuation, risk, institutional ownership and analyst views. The comparison provides context but does not introduce a new company-specific catalyst. MongoDB versus Salesforce comparison
• Negative Sentiment: Director Archana Agrawal sold 1,000 MongoDB shares for approximately $400,000, reducing her holdings by 18.77%. Because the transaction was made under a pre-arranged Rule 10b5-1 plan, it is a limited discretionary bearish signal, though insider selling can still weigh on sentiment. MongoDB director share sale
• Negative Sentiment: MongoDB continues to trade at a demanding valuation relative to its modest profitability, leaving the stock vulnerable to profit-taking and concerns about whether Atlas and AI-related growth can justify its premium multiple.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MDB shares. KGI Securities assumed coverage on MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price for the company. Rosenblatt Securities upped their price target on shares of MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. William Blair reiterated an “outperform” rating on shares of MongoDB in a report on Monday, September 28th. Finally, Stephens reduced their price objective on shares of MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $462.91.

About MongoDB

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.