MongoDB (NASDAQ:MDB) Director Sells $410,030.00 in Stock

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $410.03, for a total transaction of $410,030.00. Following the transaction, the director directly owned 23,308 shares of the company's stock, valued at approximately $9,556,979.24. This trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Stock Performance

• MongoDB Could Hit Record Highs—But You’ll Need to Move Fast

Shares of MDB opened at $425.20 on Friday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $432.55. The firm's 50-day simple moving average is $358.03 and its two-hundred day simple moving average is $288.21. The stock has a market cap of $34.61 billion, a PE ratio of -488.74 and a beta of 1.45.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same period last year, the business earned $1.16 earnings per share. The business's revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Trading of MongoDB

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• MarketBeat Week in Review – 12/1 - 12/5

Large investors have recently made changes to their positions in the stock. Huntington National Bank boosted its holdings in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company's stock worth $30,000 after purchasing an additional 51 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company's stock worth $36,000 after buying an additional 113 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of MongoDB in the third quarter worth $37,000. Westside Investment Management Inc. increased its position in MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company's stock valued at $39,000 after acquiring an additional 55 shares during the last quarter. Finally, Strategic Advocates LLC purchased a new stake in MongoDB during the third quarter valued at $43,000. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on MDB. Citizens Jmp boosted their target price on MongoDB from $435.00 to $475.00 and gave the stock a "market outperform" rating in a report on Tuesday, December 2nd. JMP Securities lifted their price target on MongoDB from $345.00 to $375.00 and gave the stock a "market outperform" rating in a research report on Friday, September 19th. Barclays increased their price objective on shares of MongoDB from $390.00 to $415.00 and gave the company an "overweight" rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald raised their price objective on shares of MongoDB from $406.00 to $454.00 and gave the company an "overweight" rating in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada upped their target price on shares of MongoDB from $405.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $414.97.

• MongoDB Just Posted a Blowout Quarter—But Is It Too Hot to Touch?

Read Our Latest Analysis on MDB

About MongoDB

(Get Free Report)

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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