Dwight Merriman Sells 4,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight Merriman sold 4,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $252.33, for a total value of $1,009,320.00. Following the transaction, the director directly owned 476,896 shares in the company, valued at approximately $120,335,167.68. This represents a 0.83% decrease in their position. The transaction was disclosed in a legal 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 Stock Up 4.9%

NASDAQ MDB opened at $263.38 on Friday. MongoDB, Inc. has a 52-week low of $148.88 and a 52-week high of $444.72. The business’s 50-day moving average price is $283.43 and its 200 day moving average price is $341.31. The firm has a market cap of $21.17 billion, a P/E ratio of -299.30 and a beta of 1.60.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results 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. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The firm had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. During the same quarter last year, the company posted $1.28 earnings per share. The business’s revenue was up 26.8% on a year-over-year basis. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Guggenheim reiterated a “Buy” rating on MDB, reinforcing analyst-level bullishness that can support demand for the shares. Read More.
• Positive Sentiment: Unusually large call-option buying: traders acquired roughly 36,130 call contracts (≈+2,077% vs. normal), a strong short-term bullish signal that can drive delta-hedging and upward stock-pressure.
• Neutral Sentiment: Momentum coverage and positive headlines note MDB has outpaced the market in recent sessions, which can attract momentum traders but may also invite profit‑taking. Read More.
• Neutral Sentiment: Director Dwight Merriman sold 4,000 shares at ~$252.33 (and previously sold 8,000 at ~$236.89); both trades were executed under a pre-arranged Rule 10b5‑1 plan, which mutes but does not eliminate investor scrutiny. Read More.
• Negative Sentiment: Large put-option buying: traders bought about 23,831 put contracts (≈+2,157% vs. normal), signaling elevated hedging or bearish/speculative positions that could add downside pressure or volatility if sentiment flips.

Analyst Ratings Changes

MDB has been the topic of a number of research reports. Needham & Company LLC lowered their price target on MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Cantor Fitzgerald lowered their price target on MongoDB from $454.00 to $378.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Robert W. Baird reissued a “neutral” rating and set a $260.00 price target (down from $500.00) on shares of MongoDB in a report on Tuesday, March 3rd. DA Davidson lowered their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $366.16.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in the company. Clark Financial Services Group Inc. BD lifted its position in MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after purchasing an additional 25 shares during the period. Root Financial Partners LLC lifted its position in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the period. True Wealth Design LLC lifted its position in MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares during the period. HighPoint Advisor Group LLC lifted its position in MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares during the period. Finally, Lido Advisors LLC lifted its position in MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

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.