Key Points
- MongoDB director Dwight Merriman sold 1,000 shares at an average price of $377, generating $377,000. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 0.22% to 448,896 shares.
- MongoDB’s latest quarterly results exceeded expectations, with adjusted EPS of $1.90 versus the $1.62 consensus and revenue of $771.77 million, up 30.5% year over year.
- Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and average price target of $462.91; institutional investors own approximately 89.29% of the company.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $377.00, for a total transaction of $377,000.00. Following the completion of the transaction, the director owned 448,896 shares of the company's stock, valued at $169,233,792. This trade represents a 0.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Stock Down 2.2%
Shares of MDB opened at $373.07 on Wednesday. MongoDB, Inc. has a fifty-two week low of $215.68 and a fifty-two week high of $473.10. The firm's 50 day moving average price is $396.12 and its 200 day moving average price is $338.92. The company has a market cap of $30.05 billion, a P/E ratio of 525.45, a PEG ratio of 40.96 and a beta of 1.74.
MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the prior year, the business earned $1.00 EPS. The firm's quarterly revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Research analysts forecast that MongoDB, Inc. will post 0.47 earnings per share for the current year.
Institutional Investors Weigh In On MongoDB
A number of large investors have recently modified their holdings of MDB. Employees Provident Fund Board acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $203,365,000. Polar Capital Holdings Plc grew its position in shares of MongoDB by 730.6% during the fourth quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company's stock worth $180,973,000 after acquiring an additional 379,289 shares during the last quarter. Sei Investments Co. increased its holdings in shares of MongoDB by 125.3% in the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company's stock valued at $89,979,000 after acquiring an additional 204,446 shares during the period. Contour Asset Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $83,495,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company's stock valued at $134,616,000 after purchasing an additional 195,250 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently issued reports on MDB shares. Needham & Company LLC reiterated a "buy" rating and issued a $430.00 price objective on shares of MongoDB in a research note on Tuesday. Oppenheimer boosted their target price on MongoDB from $410.00 to $475.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. BMO Capital Markets cut their price target on MongoDB from $450.00 to $420.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. Cantor Fitzgerald restated an "overweight" rating and set a $540.00 price target on shares of MongoDB in a report on Friday, October 2nd. Finally, DA Davidson reduced their price target on MongoDB from $465.00 to $415.00 and set a "buy" rating on the stock in a research report on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $462.91.
Get Our Latest Report on MongoDB
Trending Headlines about MongoDB
Here are the key news stories impacting MongoDB this week:
- Positive Sentiment: Bank of America Securities reiterated its Buy rating and maintained a $540 price target, citing MongoDB’s potential to benefit from enterprise modernization, AI application development, and the differentiated capabilities of its document database platform. MongoDB gains as BofA highlights long-term AI strategy potential
- Positive Sentiment: Needham reaffirmed its Buy rating and set a $430 price target, while Scotiabank added MDB to its top-picks list. The endorsements suggest analysts view MongoDB’s investor-day messaging and AI strategy as supporting future growth. MongoDB pops as Needham, BofA stay bullish
- Neutral Sentiment: An article discussing OpenAI’s lower-than-expected reported revenue run rate raised questions about AI-company valuations, Oracle’s large AI contract, and the pace of AI infrastructure demand. These concerns could influence sentiment toward AI-related technology stocks, although they do not directly change MongoDB’s fundamentals. OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
- Negative Sentiment: Director Dwight Merriman reported sales totaling approximately $5.06 million across October 8–9. The transactions reduced his holdings, but they were executed under a pre-arranged Rule 10b5-1 trading plan, making them a less significant bearish signal than discretionary insider selling. MongoDB insider transaction filing
MongoDB Company Profile
(
Get Free Report)
MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.
The company's principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.
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