MongoDB (NASDAQ:MDB) Director Sells $3,539,100.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the transaction, the director owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

MongoDB stock traded down $5.51 during midday trading on Tuesday, hitting $348.67. 1,063,551 shares of the company’s stock were exchanged, compared to its average volume of 2,009,273. MongoDB, Inc. has a 52-week low of $196.00 and a 52-week high of $444.72. The stock has a 50-day moving average price of $298.04 and a two-hundred day moving average price of $335.05. The company has a market cap of $28.04 billion, a P/E ratio of -942.35, a PEG ratio of 1,236.33 and a beta of 1.57.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its holdings in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares during the period. International Assets Investment Management LLC purchased a new position in shares of MongoDB during the 4th quarter worth approximately $33,000. Root Financial Partners LLC grew its holdings in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in shares of MongoDB during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MDB shares. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Wedbush upped their price objective on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Needham & Company LLC reiterated an “overweight” rating on shares of MongoDB in a report on Friday, May 29th. Truist Financial cut their price objective on MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Guggenheim reiterated a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a report on Friday, May 29th. Twenty-eight research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $396.39.

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.