MongoDB (NASDAQ:MDB) Director Sells $17,534,983.50 in Stock

by · The Cerbat Gem

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the sale, the director directly owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Trading Up 3.2%

Shares of MDB traded up $11.86 on Thursday, reaching $380.18. The company’s stock had a trading volume of 1,688,125 shares, compared to its average volume of 2,054,484. MongoDB, Inc. has a twelve month low of $196.00 and a twelve month high of $444.72. The stock has a market capitalization of $30.56 billion, a PE ratio of -1,027.51 and a beta of 1.57. The firm has a fifty day moving average of $280.76 and a 200-day moving average of $334.04.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the prior year, the business posted $1.00 EPS. The firm’s revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, equities analysts anticipate that MongoDB, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Robert W. Baird upped their target price on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Rosenblatt Securities reiterated a “buy” rating and issued a $385.00 target price on shares of MongoDB in a report on Tuesday, May 26th. Finally, Canaccord Genuity Group increased their target price on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $394.45.

Read Our Latest Report on MDB

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its holdings in MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC boosted its stake in MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after acquiring an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in MongoDB in the second quarter valued at about $329,000. Cresset Asset Management LLC boosted its stake in MongoDB by 13.4% in the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after acquiring an additional 370 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after acquiring an additional 2,697 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.

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