Dwight Merriman Sells 1,130 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 1,130 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $334.25, for a total transaction of $377,702.50. Following the transaction, the director directly owned 982,953 shares of the company’s stock, valued at $328,552,040.25. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Down 1.3%

Shares of MDB stock traded down $4.50 during trading on Thursday, reaching $354.88. The company’s stock had a trading volume of 1,474,522 shares, compared to its average volume of 1,997,061. The business has a fifty day moving average price of $317.50 and a 200-day moving average price of $330.29. The company has a market cap of $28.54 billion, a price-to-earnings ratio of -959.14, a price-to-earnings-growth ratio of 1,211.44 and a beta of 1.55. MongoDB, Inc. has a one year low of $198.47 and a one year high of $444.72.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business 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 firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Research analysts anticipate that MongoDB, Inc. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC raised its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the period. International Assets Investment Management LLC bought a new stake in MongoDB in the 4th quarter valued at $33,000. Root Financial Partners LLC lifted its holdings in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in MongoDB during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of recent research reports. Barclays lifted their target price on MongoDB from $370.00 to $387.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Stifel Nicolaus set a $435.00 price target on MongoDB in a research note on Friday, May 29th. Oppenheimer boosted their price target on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Mizuho upped their price objective on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Canaccord Genuity Group increased their price objective on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

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.