MongoDB (NASDAQ:MDB) Director Dwight Merriman Sells 10,000 Shares of Company Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 10,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $348.92, for a total transaction of $3,489,200.00. Following the completion of the sale, the director directly owned 942,953 shares in the company, valued at approximately $329,015,160.76. The trade was a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 2.1%

NASDAQ MDB traded down $6.99 during trading hours on Wednesday, reaching $328.38. 1,501,879 shares of the company’s stock were exchanged, compared to its average volume of 1,991,840. The firm has a fifty day moving average of $379.47 and a 200-day moving average of $338.40. MongoDB, Inc. has a one year low of $215.68 and a one year high of $473.10. The stock has a market cap of $26.45 billion, a PE ratio of 462.51, a price-to-earnings-growth ratio of 30.08 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The firm had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. 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, research analysts forecast that MongoDB, Inc. will post 0.50 EPS for the current year.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its position in shares of MongoDB by 5,333.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 8,150 shares of the company’s stock valued at $2,841,000 after acquiring an additional 8,000 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in shares of MongoDB by 48.7% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after purchasing an additional 6,819 shares during the period. National Pension Service boosted its position in shares of MongoDB by 10.7% in the 2nd quarter. National Pension Service now owns 153,687 shares of the company’s stock worth $51,623,000 after purchasing an additional 14,866 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of MongoDB by 19.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock worth $43,022,000 after purchasing an additional 21,273 shares during the last quarter. Finally, Daventry Group LP grew its stake in shares of MongoDB by 21.3% during the first quarter. Daventry Group LP now owns 82,105 shares of the company’s stock worth $20,097,000 after purchasing an additional 14,412 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDB. Guggenheim reiterated a “buy” rating and set a $560.00 price target on shares of MongoDB in a research report on Tuesday, September 29th. DA Davidson dropped their target price on shares of MongoDB from $465.00 to $415.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Piper Sandler reiterated an “overweight” rating and set a $470.00 target price on shares of MongoDB in a research report on Wednesday, September 30th. Rosenblatt Securities increased their price target on shares of MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, KGI Securities began coverage on shares of MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $461.91.

About MongoDB

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.