MongoDB (NASDAQ:MDB) Director Sells $2,093,520.00 in Stock

by · The Cerbat Gem

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight Merriman sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $348.92, for a total value of $2,093,520.00. Following the transaction, the director owned 464,896 shares in the company, valued at approximately $162,211,512.32. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $332.75 on Friday. The stock has a market capitalization of $26.76 billion, a P/E ratio of -899.32, a P/E/G ratio of 1,207.08 and a beta of 1.57. The business has a 50-day moving average of $303.12 and a two-hundred day moving average of $335.27. MongoDB, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data 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. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same period last year, the business earned $1.00 EPS. The firm’s revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On MongoDB

Several large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its holdings in shares of MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after purchasing an additional 327 shares during the period. NewEdge Advisors LLC lifted its stake in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of MongoDB in the second quarter valued at about $329,000. Cresset Asset Management LLC grew its position in MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after buying an additional 370 shares in the last quarter. Finally, Cerity Partners LLC grew its position in MongoDB by 28.3% during the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after buying an additional 2,697 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent analyst reports. Barclays upped their price objective on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Sanford C. Bernstein lowered shares of MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. UBS Group upped their price target on shares of MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Cantor Fitzgerald raised their price target on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, DA Davidson reiterated a “buy” rating and issued a $375.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $396.39.

Check Out Our Latest Report on MongoDB

MongoDB Company Profile

(Get Free Report)

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.

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