MongoDB (NASDAQ:MDB) Director Dwight Merriman Sells 6,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $372.46, for a total value of $2,234,760.00. Following the transaction, the director directly owned 502,896 shares in the company, valued at $187,308,644.16. This trade represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Trading Up 0.4%

Shares of NASDAQ MDB traded up $1.47 during mid-day trading on Friday, reaching $352.61. 1,373,540 shares of the company’s stock were exchanged, compared to its average volume of 1,583,538. The firm has a market capitalization of $28.69 billion, a price-to-earnings ratio of -359.81 and a beta of 1.52. The business has a fifty day simple moving average of $332.51 and a 200 day simple moving average of $256.12. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $385.44.

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

Hedge Funds Weigh In On MongoDB

Several large investors have recently modified their holdings of MDB. Vanguard Group Inc. grew its position in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after purchasing an additional 431,382 shares in the last quarter. State Street Corp increased its position in shares of MongoDB by 5.0% in the second quarter. State Street Corp now owns 1,693,194 shares of the company’s stock valued at $355,554,000 after acquiring an additional 80,334 shares during the period. Amundi increased its stake in shares of MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares during the period. Geode Capital Management LLC lifted its position in shares of MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after purchasing an additional 68,611 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of MongoDB by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after acquiring an additional 129,451 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent research reports. Monness Crespi & Hardt boosted their price target on MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Bank of America lifted their price target on MongoDB from $345.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Oppenheimer upped their price target on MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Stifel Nicolaus set a $375.00 price target on MongoDB in a report on Tuesday, November 4th. Finally, Wells Fargo & Company assumed coverage on MongoDB in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $430.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $354.97.

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.