MongoDB (NASDAQ:MDB) Director Dwight Merriman Sells 1,000 Shares of Stock

Posted by George Bondi on Oct 14th, 2026

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $377.00, for a total value of $377,000.00. Following the sale, the director owned 448,896 shares of the company’s stock, valued at $169,233,792. The trade was a 0.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Down 2.2%

MongoDB stock opened at $373.07 on Wednesday. MongoDB, Inc. has a 52-week low of $215.68 and a 52-week high of $473.10. The firm has a market capitalization of $30.05 billion, a price-to-earnings ratio of 525.45, a PEG ratio of 40.96 and a beta of 1.74. The company has a fifty day simple moving average of $396.12 and a 200-day simple moving average of $338.92.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the prior year, the firm earned $1.00 EPS. MongoDB’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. On average, research analysts anticipate that MongoDB, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Smallwood Wealth Investment Management LLC purchased a new stake in shares of MongoDB in the 2nd quarter valued at $34,000. NBH Bank acquired a new position in MongoDB during the 2nd quarter worth about $34,000. CX Institutional boosted its holdings in MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in MongoDB during the 1st quarter valued at about $34,000. Finally, Reflection Asset Management purchased a new position in MongoDB during the 4th quarter valued at about $66,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Barclays boosted their target price on shares of MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Citizens Jmp restated a “market outperform” rating and set a $519.00 price target on shares of MongoDB in a report on Wednesday, September 30th. Robert W. Baird raised their price target on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Monness Crespi & Hardt lifted their price target on shares of MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $462.91.

Read Our Latest Research Report on MDB

Key MongoDB News

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.