Insider Selling: MongoDB (NASDAQ:MDB) Director Sells $2,710,500.00 in Stock

Posted by Francis Steltz on Aug 21st, 2026

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight Merriman sold 6,000 shares of MongoDB stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the transaction, the director directly owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

MDB opened at $420.37 on Friday. The business’s fifty day moving average is $355.25 and its two-hundred day moving average is $318.10. The company has a market cap of $33.81 billion, a price-to-earnings ratio of -1,136.14, a PEG ratio of 3,129.45 and a beta of 1.55. MongoDB, Inc. has a one year low of $206.92 and a one year high of $473.10.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the business posted $1.00 earnings per share. The business’s revenue for the quarter 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, analysts predict that MongoDB, Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. BMO Capital Markets upped their price target on shares of MongoDB from $375.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $385.00 price target on shares of MongoDB in a research report on Tuesday, May 26th. Citizens Jmp raised their price objective on shares of MongoDB from $366.00 to $519.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, Weiss Ratings upgraded MongoDB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $433.94.

Read Our Latest Research Report on MongoDB

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC raised its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of MongoDB during the 4th quarter worth about $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB during the first quarter worth about $34,000. CX Institutional grew its holdings in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in shares of 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 buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.