MongoDB (NASDAQ:MDB) Director Hope Cochran Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $410.03, for a total transaction of $410,030.00. Following the transaction, the director directly owned 23,308 shares in the company, valued at $9,556,979.24. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

MongoDB Stock Performance

Shares of MongoDB stock opened at $425.20 on Friday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $432.55. The company has a fifty day moving average of $358.03 and a 200-day moving average of $288.21. The stock has a market capitalization of $34.61 billion, a price-to-earnings ratio of -488.74 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping 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 the consensus estimate of $592.98 million. During the same period in the previous year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. 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, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its stake in shares of MongoDB by 4.0% during the 1st quarter. HighTower Advisors LLC now owns 19,520 shares of the company’s stock valued at $3,424,000 after purchasing an additional 747 shares in the last quarter. Aberdeen Group plc boosted its position in MongoDB by 72.2% during the 1st quarter. Aberdeen Group plc now owns 60,067 shares of the company’s stock valued at $10,444,000 after acquiring an additional 25,190 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock worth $71,000 after acquiring an additional 290 shares during the period. Northern Trust Corp raised its position in shares of MongoDB by 2.1% in the 1st quarter. Northern Trust Corp now owns 477,812 shares of the company’s stock worth $83,808,000 after acquiring an additional 9,802 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of MongoDB by 405.6% in the 1st quarter. Quantbot Technologies LP now owns 15,248 shares of the company’s stock valued at $2,674,000 after purchasing an additional 12,232 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. DA Davidson raised their price target on MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Citizens Jmp increased their price objective on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 2nd. Monness Crespi & Hardt lifted their target price on shares of MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Cantor Fitzgerald increased their price target on shares of MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $414.97.

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.