Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $350,000.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director directly owned 29,326 shares in the company, valued at approximately $10,264,100. The trade was a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

MongoDB stock opened at $354.88 on Friday. The stock has a fifty day moving average of $321.07 and a two-hundred day moving average of $330.02. The company has a market capitalization of $28.54 billion, a price-to-earnings ratio of -959.14, a PEG ratio of 1,279.91 and a beta of 1.55. MongoDB, Inc. has a fifty-two week low of $198.47 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. The business 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%.The business’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the business 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. On average, analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MDB. Wall Street Zen cut shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. DA Davidson reissued a “buy” rating and set a $375.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Needham & Company LLC restated an “overweight” rating on shares of MongoDB in a research report on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $366.00 target price on shares of MongoDB in a research note on Friday, May 29th. Finally, Tigress Financial boosted their price target on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Twenty-seven 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’s stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MDB. Clark Financial Services Group Inc. BD boosted its position in shares of MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after acquiring an additional 25 shares during the last quarter. Root Financial Partners LLC grew its holdings in MongoDB by 58.2% in the fourth 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 period. True Wealth Design LLC increased its position in MongoDB by 9.4% during the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares during the last quarter. HighPoint Advisor Group LLC increased its position in MongoDB by 2.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after purchasing an additional 36 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC raised its stake in MongoDB by 14.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.