MongoDB (NASDAQ:MDB) Director Sells $377,702.50 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 1,130 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 982,953 shares of the company’s stock, valued at approximately $328,552,040.25. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

NASDAQ:MDB opened at $354.88 on Friday. MongoDB, Inc. has a 12-month low of $198.47 and a 12-month high of $444.72. The firm has a market cap of $28.54 billion, a PE ratio of -959.14, a price-to-earnings-growth ratio of 1,279.91 and a beta of 1.55. The stock has a fifty day moving average price of $321.07 and a 200 day moving average price of $330.02.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 EPS. 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 forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wedbush lifted their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Citigroup reissued a “buy” rating on shares of MongoDB in a research report on Monday, June 8th. Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $385.00 price objective on shares of MongoDB in a research report on Tuesday, May 26th. Finally, Weiss Ratings downgraded shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.39.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently added to or reduced their stakes in the stock. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of MongoDB by 897.7% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock valued at $17,938,000 after purchasing an additional 52,002 shares during the last quarter. Kinetic Partners Management LP grew its stake in MongoDB by 27.2% during the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after buying an additional 41,810 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in MongoDB by 115.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after buying an additional 189,820 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in MongoDB by 69.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after buying an additional 141,755 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. increased its position in MongoDB by 162.1% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after buying an additional 852,540 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

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.