MongoDB (NASDAQ:MDB) Director Sells $17,534,983.50 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Roelof Botha sold 44,050 shares of MongoDB stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the sale, the director directly owned 150,550 shares of the company’s stock, valued at $59,929,438.50. The trade was a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

MongoDB Trading Up 3.2%

NASDAQ MDB traded up $11.86 during trading on Thursday, reaching $380.18. The company’s stock had a trading volume of 1,688,125 shares, compared to its average volume of 2,054,484. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of -1,027.51 and a beta of 1.57. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72. The firm has a 50 day moving average price of $280.76 and a 200 day moving average price of $334.04.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities analysts forecast that MongoDB, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDB. Citizens Jmp reiterated a “market outperform” rating and set a $366.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Truist Financial cut their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. BMO Capital Markets lifted their price target on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Cantor Fitzgerald lifted their price target on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, UBS Group lifted their price target on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $394.45.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in MongoDB during the fourth quarter worth $28,000. Cornerstone Planning Group LLC boosted its stake in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new position in MongoDB during the fourth quarter worth $33,000. Root Financial Partners LLC boosted its stake in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in MongoDB during the fourth quarter worth $38,000. 89.29% of the stock is owned by institutional investors.

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.