MongoDB (NASDAQ:MDB) Director Dwight Merriman Sells 10,000 Shares

Posted by Geri Gentry on Jun 17th, 2026

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $353.91, for a total value of $3,539,100.00. Following the sale, the director owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Down 1.5%

NASDAQ MDB opened at $348.81 on Wednesday. The company has a market cap of $28.05 billion, a price-to-earnings ratio of -942.73, a P/E/G ratio of 1,277.37 and a beta of 1.57. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72. The business has a 50 day moving average price of $299.95 and a 200-day moving average price of $335.21.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent research reports. Cantor Fitzgerald increased their price objective on MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Bank of America raised their price target on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. UBS Group raised their price target on MongoDB from $275.00 to $350.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Guggenheim restated a “buy” rating and set a $475.00 price target on shares of MongoDB in a research report on Friday, May 29th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.39.

Check Out Our Latest Report on MongoDB

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of MDB. Cramer Rosenthal Mcglynn LLC grew its position in shares of MongoDB by 897.7% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after buying an additional 52,002 shares during the last quarter. Kinetic Partners Management LP grew its position in shares of MongoDB by 27.2% in the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock worth $60,763,000 after buying an additional 41,810 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after buying an additional 189,820 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of MongoDB by 5.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,936 shares of the company’s stock worth $8,981,000 after buying an additional 1,415 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of MongoDB by 69.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 345,563 shares of the company’s stock worth $145,029,000 after buying an additional 141,755 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

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.