Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 833 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Charles Hazard, Jr. sold 833 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $326.13, for a total transaction of $271,666.29. Following the completion of the transaction, the director directly owned 44,867 shares of the company’s stock, valued at $14,632,474.71. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Stock Performance

Shares of NASDAQ MDB traded up $3.95 during mid-day trading on Wednesday, hitting $405.94. The stock had a trading volume of 2,563,399 shares, compared to its average volume of 2,366,617. The firm has a market cap of $33.03 billion, a PE ratio of -466.60 and a beta of 1.45. The company has a 50 day moving average of $335.17 and a two-hundred day moving average of $270.37. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $419.50.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.11%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank boosted its holdings in MongoDB by 110.9% during the 3rd 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. Montag A & Associates Inc. increased its holdings in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares during the period. Promus Capital LLC acquired a new stake in MongoDB in the 2nd quarter valued at about $36,000. TD Private Client Wealth LLC raised its position in MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of MongoDB during the third quarter worth about $37,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on MDB shares. Wolfe Research lifted their target price on shares of MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Robert W. Baird raised their price target on shares of MongoDB from $335.00 to $500.00 and gave the company an “outperform” rating in a research note on Tuesday. Guggenheim lifted their price objective on MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $490.00 target price (up previously from $400.00) on shares of MongoDB in a report on Tuesday. Finally, Canaccord Genuity Group lifted their price target on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $412.25.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.