MongoDB (NASDAQ:MDB) Director Dwight Merriman Sells 10,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $338.52, for a total value of $3,385,200.00. Following the completion of the sale, the director directly owned 1,055,316 shares in the company, valued at approximately $357,245,572.32. This trade represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MongoDB Trading Down 0.5%

MDB stock traded down $1.74 during trading on Tuesday, hitting $337.86. The company had a trading volume of 970,017 shares, compared to its average volume of 2,346,970. The firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of -344.76 and a beta of 1.52. The business has a 50 day moving average of $332.84 and a 200 day moving average of $258.46. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $385.44.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. MongoDB’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MDB shares. Robert W. Baird upped their target price on shares of MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Sanford C. Bernstein upped their target price on shares of MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Morgan Stanley lifted their price objective on MongoDB from $325.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. BMO Capital Markets increased their price target on shares of MongoDB from $365.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada upped their target price on shares of MongoDB from $350.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $354.97.

Institutional Trading of MongoDB

A number of institutional investors have recently bought and sold shares of MDB. Advisory Services Network LLC grew its position in MongoDB by 65.7% in the third quarter. Advisory Services Network LLC now owns 5,867 shares of the company’s stock valued at $1,821,000 after acquiring an additional 2,326 shares during the last quarter. Armistice Capital LLC grew its position in shares of MongoDB by 8.6% in the 3rd quarter. Armistice Capital LLC now owns 112,399 shares of the company’s stock valued at $34,886,000 after buying an additional 8,903 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in MongoDB by 10.1% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 109,195 shares of the company’s stock valued at $34,586,000 after purchasing an additional 10,005 shares during the period. American Trust bought a new position in MongoDB during the 3rd quarter worth approximately $216,000. Finally, United Capital Financial Advisors LLC boosted its position in MongoDB by 4.5% during the third quarter. United Capital Financial Advisors LLC now owns 1,544 shares of the company’s stock valued at $479,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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.