Key Points
- Director Dwight Merriman sold 10,000 MongoDB shares on Dec. 12 at an average price of $417.83 for about $4.18 million, leaving him with 1,041,316 shares (a 0.95% reduction, ~$435.1M value).
- MongoDB beat expectations in its most recent quarter with $1.32 EPS vs. $0.79 expected and $628.3M revenue (up 18.7% YoY), and issued Q4 and FY 2026 EPS guidance (1.440–1.480 and 4.760–4.800 respectively).
- Analysts have raised price targets and the stock carries a consensus rating of "Moderate Buy" with an average target around $414.97; MongoDB trades near its 52‑week high and has a market cap of roughly $35 billion.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the sale, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. This trade represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
MongoDB Trading Up 1.2%
Shares of NASDAQ:MDB opened at $430.18 on Friday. The company has a market cap of $35.01 billion, a PE ratio of -494.46 and a beta of 1.45. The company's 50 day moving average is $360.34 and its two-hundred day moving average is $290.53. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $432.55.
MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $628.31 million for the quarter, compared to analysts' expectations of $592.98 million. During the same quarter last year, the company earned $1.16 earnings per share. The firm's revenue for the quarter 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. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.
Hedge Funds Weigh In On MongoDB
A number of large investors have recently bought and sold shares of the company. Huntington National Bank raised its holdings in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company's stock worth $30,000 after purchasing an additional 51 shares in the last quarter. Montag A & Associates Inc. increased its position in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock valued at $36,000 after buying an additional 101 shares in the last quarter. Promus Capital LLC purchased a new position in MongoDB during the 2nd quarter valued at about $36,000. TD Private Client Wealth LLC raised its position in shares of MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company's stock worth $36,000 after purchasing an additional 113 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of MongoDB in the third quarter worth $37,000. Hedge funds and other institutional investors own 89.29% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on MDB shares. Scotiabank lifted their price target on MongoDB from $320.00 to $415.00 and gave the stock a "sector perform" rating in a research report on Tuesday, December 2nd. Wedbush lifted their target price on shares of MongoDB from $400.00 to $440.00 and gave the company an "outperform" rating in a report on Tuesday, December 2nd. Robert W. Baird upped their price target on shares of MongoDB from $335.00 to $500.00 and gave the company an "outperform" rating in a research report on Tuesday, December 2nd. Wells Fargo & Company increased their price target on shares of MongoDB from $430.00 to $450.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 2nd. Finally, Mizuho lifted their price objective on shares of MongoDB from $250.00 to $310.00 and gave the company a "neutral" rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $414.97.
Check Out Our Latest Stock 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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