MongoDB (NASDAQ:MDB) Director Sells $2,093,520.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $348.92, for a total transaction of $2,093,520.00. Following the completion of the transaction, the director directly owned 464,896 shares of the company’s stock, valued at $162,211,512.32. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 1.6%

NASDAQ:MDB traded down $5.51 during mid-day trading on Tuesday, hitting $348.67. The company’s stock had a trading volume of 1,063,551 shares, compared to its average volume of 2,009,273. MongoDB, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $444.72. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of -942.35, a P/E/G ratio of 1,236.33 and a beta of 1.57. The stock has a fifty day moving average of $298.04 and a 200-day moving average of $335.05.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company’s revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on MDB. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 price objective on shares of MongoDB in a report on Tuesday, May 19th. Tigress Financial raised their price objective on shares of MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. BMO Capital Markets raised their price objective on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Morgan Stanley raised their price objective on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Piper Sandler raised their price objective on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.39.

Institutional Trading of MongoDB

Hedge funds have recently modified their holdings of the stock. Cramer Rosenthal Mcglynn LLC boosted its holdings in MongoDB by 897.7% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock valued at $17,938,000 after purchasing an additional 52,002 shares during the period. Kinetic Partners Management LP boosted its holdings in MongoDB by 27.2% in the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after purchasing an additional 41,810 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after purchasing an additional 189,820 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in MongoDB by 5.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,936 shares of the company’s stock valued at $8,981,000 after purchasing an additional 1,415 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in MongoDB by 69.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock valued at $145,029,000 after purchasing an additional 141,755 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Company Profile

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.