MongoDB (NASDAQ:MDB) Director Sells $4,705,900.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $470.59, for a total value of $4,705,900.00. Following the sale, the director directly owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

MDB opened at $420.37 on Friday. The business has a fifty day simple moving average of $355.25 and a 200 day simple moving average of $318.10. The company has a market capitalization of $33.81 billion, a PE ratio of -1,136.14, a price-to-earnings-growth ratio of 3,129.45 and a beta of 1.55. MongoDB, Inc. has a 1 year low of $206.92 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same period in the prior year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities analysts anticipate that MongoDB, Inc. will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Root Financial Partners LLC raised its stake in shares of MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares during the period. Moody National Bank Trust Division grew its stake in shares of MongoDB by 3.1% during the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock valued at $377,000 after acquiring an additional 34 shares during the period. HighPoint Advisor Group LLC increased its holdings in MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after acquiring an additional 36 shares in the last quarter. Lido Advisors LLC raised its stake in MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after acquiring an additional 36 shares during the period. Finally, Basecamp Wealth Advisors LLC raised its stake in MongoDB by 14.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after acquiring an additional 36 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MDB. Stifel Nicolaus set a $475.00 price target on shares of MongoDB in a research report on Tuesday. Canaccord Genuity Group raised their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings raised MongoDB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. Bank of America upped their target price on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $453.00 price target on shares of MongoDB in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $433.94.

MongoDB Company Profile

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.