Key Points
- Dwight Merriman sold 4,000 MongoDB shares on April 16 at an average price of $252.33 under a pre-arranged Rule 10b5-1 plan, a $1.01M transaction that reduced his stake by 0.83% to 476,896 shares (≈$120.3M).
- MongoDB beat the quarter (EPS $1.65 vs. $1.47; revenue $695.1M, +26.8% YoY) but remains unprofitable (net margin -2.89%), and analysts have trimmed targets though consensus is a Moderate Buy with a $366.16 price target.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $252.33, for a total transaction of $1,009,320.00. Following the completion of the transaction, the director directly owned 476,896 shares in the company, valued at approximately $120,335,167.68. The trade was a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Trading Up 2.9%
MDB opened at $251.14 on Friday. The company has a market cap of $20.18 billion, a price-to-earnings ratio of -285.39 and a beta of 1.60. The company's 50 day moving average is $285.05 and its 200 day moving average is $341.68. MongoDB, Inc. has a 12-month low of $148.88 and a 12-month high of $444.72.
MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm's revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. As a group, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Wedbush dropped their price objective on shares of MongoDB from $440.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, March 3rd. Needham & Company LLC dropped their price objective on shares of MongoDB from $500.00 to $300.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of MongoDB in a research note on Friday, March 27th. Barclays decreased their target price on shares of MongoDB from $440.00 to $370.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 3rd. Finally, Canaccord Genuity Group decreased their target price on shares of MongoDB from $455.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Twenty-seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $366.16.
View Our Latest Report on MongoDB
MongoDB News Roundup
Here are the key news stories impacting MongoDB this week:
- Positive Sentiment: Guggenheim reiterated a "Buy" rating on MDB, reinforcing analyst bullishness that can support demand for the shares. Guggenheim Reiterates Buy
- Positive Sentiment: Unusually large call-option buying: traders purchased ~36,130 call contracts (roughly a 2,077% rise versus typical call volume), a strong short-term bullish signal that can lift the stock as hedging and directional bets push demand.
- Positive Sentiment: Analyst consensus and coverage remain favorable—MDB was given an average recommendation of "Moderate Buy," which supports continued investor interest. Moderate Buy Coverage
- Neutral Sentiment: Insider selling by director Dwight A. Merriman: two small sales (8,000 shares on 4/14 at ~$236.89 and 4,000 shares on 4/16 at ~$252.33) were executed under a pre-arranged Rule 10b5-1 plan, reducing his holdings modestly. Pre-arranged status mutes the negative signal but is still monitored by markets. Form 4
- Negative Sentiment: Large put-option buying: investors also acquired ~23,831 put contracts (about a 2,157% increase versus typical put volume), signaling elevated hedging or downside speculation that could add volatility and selling pressure if sentiment shifts.
Institutional Investors Weigh In On MongoDB
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cramer Rosenthal Mcglynn LLC raised its position in shares of MongoDB by 897.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company's stock valued at $17,938,000 after buying an additional 52,002 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of MongoDB by 1,277.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company's stock valued at $5,655,000 after buying an additional 16,896 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of MongoDB by 209.0% during the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company's stock valued at $1,412,000 after buying an additional 3,077 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of MongoDB by 42.1% during the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company's stock valued at $41,910,000 after buying an additional 39,978 shares during the last quarter. Finally, Pinegrove Venture Partners LLC bought a new stake in shares of MongoDB during the third quarter valued at approximately $1,032,000. Institutional investors own 89.29% of the company's stock.
About MongoDB
(
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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