Roelof Botha Sells 44,050 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the sale, the director owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Stock Down 7.7%

Shares of NASDAQ:MDB opened at $350.74 on Friday. The company has a market cap of $28.19 billion, a P/E ratio of -947.95 and a beta of 1.57. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72. The company has a 50-day moving average price of $285.37 and a 200 day moving average price of $334.35.

MongoDB (NASDAQ:MDB) last announced 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. The firm 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 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. Analysts expect that MongoDB, Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Caerus Investment Advisors LLC raised its position in shares of MongoDB by 19.4% during the 1st quarter. Caerus Investment Advisors LLC now owns 819 shares of the company’s stock worth $200,000 after purchasing an additional 133 shares during the last quarter. Groupama Asset Managment raised its position in shares of MongoDB by 2.2% during the 1st quarter. Groupama Asset Managment now owns 15,147 shares of the company’s stock worth $3,708,000 after purchasing an additional 325 shares during the last quarter. Bank of America Corp DE raised its position in shares of MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after purchasing an additional 1,852 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of MongoDB by 9.5% during the 1st quarter. Centaurus Financial Inc. now owns 2,319 shares of the company’s stock worth $568,000 after purchasing an additional 202 shares during the last quarter. Finally, Bull Harbor Capital LLC acquired a new position in shares of MongoDB during the 1st quarter worth approximately $674,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on MDB shares. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Scotiabank restated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Cantor Fitzgerald raised their price objective on shares of MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Needham & Company LLC restated an “overweight” rating on shares of MongoDB in a research report on Friday, May 29th. Finally, Canaccord Genuity Group lifted their price target on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $394.45.

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.