Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 1,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the sale, the director directly owned 28,326 shares in the company, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

Shares of MongoDB stock traded up $23.74 during trading hours on Monday, hitting $407.30. The company’s stock had a trading volume of 1,248,368 shares, compared to its average volume of 1,884,357. The company has a market cap of $32.81 billion, a PE ratio of 573.66, a PEG ratio of 41.21 and a beta of 1.58. The business has a 50 day moving average price of $378.38 and a two-hundred day moving average price of $325.27. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MDB shares. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Tigress Financial upped their target price on shares of MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Morgan Stanley raised their target price on shares of MongoDB from $380.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group raised their target price on shares of MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Stifel Nicolaus reduced their price target on shares of MongoDB from $475.00 to $465.00 and set a “buy” rating on the stock in a report on Wednesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

Institutional Investors Weigh In On MongoDB

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of MongoDB by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after buying an additional 9,693 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB during the 4th quarter valued at about $574,821,000. Arrowstreet Capital Limited Partnership raised its position in shares of MongoDB by 21.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after buying an additional 239,338 shares in the last quarter. Capital World Investors lifted its holdings in shares of MongoDB by 129.1% in the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after acquiring an additional 552,434 shares during the last quarter. Finally, Fred Alger Management LLC lifted its holdings in shares of MongoDB by 7.3% in the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after acquiring an additional 38,225 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.