MongoDB (NASDAQ:MDB) Director Hope Cochran Sells 1,566 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Stock Up 3.1%

NASDAQ:MDB traded up $12.88 during mid-day trading on Thursday, reaching $425.23. The company’s stock had a trading volume of 1,917,358 shares, compared to its average volume of 2,339,581. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $432.55. The stock has a fifty day moving average of $356.15 and a 200-day moving average of $287.26. The firm has a market capitalization of $34.61 billion, a PE ratio of -488.77 and a beta of 1.45.

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

Analyst Ratings Changes

Several research firms have recently commented on MDB. Macquarie boosted their price target on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. BMO Capital Markets increased their price target 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. Barclays boosted their price objective on shares of MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Raymond James Financial started coverage on MongoDB in a research report on Monday. They issued a “market perform” rating for the company. Finally, Monness Crespi & Hardt boosted their price target on MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $414.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of MongoDB by 20.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after purchasing an additional 249 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of MongoDB by 181.8% in the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after purchasing an additional 362,705 shares during the last quarter. Red Spruce Capital LLC increased its position in shares of MongoDB by 11.8% during the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,426 shares during the last quarter. Triton Financial Group Inc purchased a new stake in MongoDB in the 2nd quarter valued at about $782,000. Finally, Jones Financial Companies Lllp increased its position in shares of MongoDB by 875.2% during the first quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock valued at $1,745,000 after acquiring an additional 8,927 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.