In recent transactions reported to the Securities and Exchange Commission, Dev Ittycheria, President and CEO of MongoDB , Inc. (NASDAQ:MDB), sold a significant portion of the company’s Class A common stock. On April 2, 2025, Ittycheria sold 18,512 shares at an average price of $173.26 per share, amounting to a total transaction value of approximately $3.2 million. The transaction comes as MongoDB’s stock, currently trading at $154.33, has experienced a significant decline of about 13% over the past week. According to InvestingPro analysis, the stock appears undervalued at current levels.
These sales were part of a broader transaction where shares were sold to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). The RSUs had vested based on the company’s performance criteria, as outlined in MongoDB’s long-term incentive bonus plan and 2016 Equity Incentive Plan. The $12.6 billion market cap company maintains strong analyst support, with a consensus "Buy" recommendation and multiple analysts recently revising their earnings estimates upward.
Following this transaction, Ittycheria holds 268,948 shares of MongoDB’s Class A common stock. MongoDB’s shares were sold in multiple transactions at prices ranging from $173.25 to $174.09. InvestingPro subscribers have access to 15 additional key insights about MongoDB, including detailed financial health scores and comprehensive valuation metrics in the Pro Research Report.
In other recent news, MongoDB reported a notable fourth-quarter performance, with revenue exceeding expectations by $27.8 million, marking a 20% increase from the previous year. Despite this achievement, the company’s guidance for fiscal year 2026 fell short of market expectations, leading to a significant 16% drop in shares during after-hours trading. RBC Capital Markets responded by reducing its price target for MongoDB from $400 to $320, while maintaining an Outperform rating. Similarly, Guggenheim Securities adjusted its price target to $300 from $325, also keeping a Buy rating, and highlighted the company’s conservative guidance compared to its peers.
DA Davidson maintained a Buy rating with a $275 target, expressing optimism about MongoDB’s Atlas growth potential, projecting it to accelerate in fiscal year 2026. Citi reiterated a Buy rating with a $430 target, underscoring MongoDB’s stable fundamentals and viewing the stock’s current valuation as a buying opportunity. William Blair also reaffirmed its Outperform rating, noting MongoDB’s impressive operating margin of 20.5%, which surpassed consensus forecasts.
MongoDB’s Atlas platform, which constitutes a significant portion of its revenue, showed a 24% growth in the fourth quarter, outperforming expectations. Despite the conservative guidance, analysts like Howard Ma from Guggenheim expect Atlas growth to remain stable or improve, citing factors such as a higher quality customer cohort and recent investments in AI. The company’s recent acquisition of Voyage AI is seen as a potential catalyst for future growth, with mainstream adoption of Generation AI technology anticipated to benefit MongoDB in fiscal year 2026.
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