MongoDB (NASDAQ:MDB) Stock Falls 7.5% on Insider Selling

Shares of MongoDB, Inc. (NASDAQ:MDB) dropped 7.5% on Friday following insider selling activity. The company traded as low as $341.75 and last traded at $339.0630. Approximately 399,756 shares changed hands during trading, a decline of 80% from the average daily volume of 2,012,863 shares. The stock had previously closed at $366.49.

Specifically, Director Archana Agrawal sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the sale, the director directly owned 4,328 shares in the company, valued at $1,731,200. This represents a 18.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 1,000 shares of the stock in a transaction on Friday, October 9th. The shares were sold at an average price of $377.00, for a total transaction of $377,000.00. Following the sale, the director directly owned 448,896 shares of the company’s stock, valued at $169,233,792. The trade was a 0.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other MongoDB news, Director Dwight Merriman sold 3,000 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $359.90, for a total value of $1,079,700.00. Following the sale, the director owned 449,896 shares of the company’s stock, valued at $161,917,570.40. This trade represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MDB. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $465.00 price objective on shares of MongoDB in a research note on Wednesday, September 30th. Wells Fargo & Company raised their target price on MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Monness Crespi & Hardt boosted their price target on MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Evercore reaffirmed an “outperform” rating on shares of MongoDB in a research report on Thursday, September 24th. Finally, Sanford C. Bernstein increased their price objective on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $462.91.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB’s growing large-enterprise customer base is increasing consumption of its Atlas cloud database, supporting recurring revenue growth and broader adoption of AI-powered database capabilities. This strengthens the company’s long-term growth narrative. MongoDB enterprise customer and Atlas growth
• Positive Sentiment: A recent bullish investment case identifies Atlas momentum, expanding AI functionality and rising earnings estimates as reasons the stock’s recent pullback could represent a buying opportunity. MongoDB’s latest reported quarter also exceeded expectations, with revenue rising 30.5% year over year and EPS beating consensus. MongoDB investment case after share-price decline
• Positive Sentiment: Analyst commentary remains generally favorable, with MongoDB receiving predominantly Buy ratings and a consensus price target above recent trading levels. This suggests analysts continue to see upside from enterprise modernization and AI application development. Analyst insights on MongoDB
• Neutral Sentiment: A head-to-head comparison with Salesforce evaluates MongoDB on valuation, profitability, institutional ownership, risk, earnings and analyst recommendations. The comparison may influence relative-value decisions, but it does not introduce a new company-specific operating catalyst. MongoDB versus Salesforce comparison
• Negative Sentiment: Director Archana Agrawal sold 1,000 shares for approximately $400,000, reducing her holdings by 18.77%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which limits its significance as a discretionary bearish signal, but insider selling can still weigh modestly on sentiment. MongoDB director insider sale filing
• Negative Sentiment: MongoDB trades at a demanding valuation relative to current profitability, increasing sensitivity to any slowdown in Atlas growth or AI spending. Recent leadership-exit concerns also introduce execution risk despite continued analyst support.

MongoDB Stock Down 7.4%

The firm’s 50-day moving average is $395.65 and its 200-day moving average is $340.65. The company has a market cap of $27.33 billion, a PE ratio of 477.89, a PEG ratio of 34.49 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. MongoDB’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business posted $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Employees Provident Fund Board bought a new stake in shares of MongoDB during the 4th quarter valued at $203,365,000. Bank of America Corp DE increased its stake in shares of MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after acquiring an additional 1,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after acquiring an additional 195,250 shares in the last quarter. Avala Global LP increased its stake in shares of MongoDB by 8.9% in the 4th quarter. Avala Global LP now owns 299,166 shares of the company’s stock worth $125,557,000 after acquiring an additional 24,366 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in MongoDB by 33.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 390,253 shares of the company’s stock valued at $95,516,000 after acquiring an additional 97,002 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.