Hope Cochran Sells 1,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $410.03, for a total value of $410,030.00. Following the transaction, the director directly owned 23,308 shares of the company’s stock, valued at $9,556,979.24. This represents a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MongoDB Stock Up 1.2%

MDB opened at $430.18 on Friday. The stock’s 50 day moving average price is $360.34 and its two-hundred day moving average price is $289.86. The firm has a market capitalization of $35.01 billion, a P/E ratio of -494.46 and a beta of 1.45. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $432.55.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Wolfe Research boosted their price target on MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Argus raised their price objective on MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Oppenheimer lifted their price objective on MongoDB from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, JMP Securities upped their target price on MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $414.97.

Institutional Trading of MongoDB

Several institutional investors have recently bought and sold shares of MDB. Huntington National Bank lifted its holdings in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of MongoDB during the 3rd quarter worth about $37,000. Westside Investment Management Inc. lifted its holdings in MongoDB by 82.1% during the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares during the last quarter. Finally, Strategic Advocates LLC acquired a new position in MongoDB in the third quarter valued at about $43,000. Institutional investors and hedge funds 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.