Dwight Merriman, a director at MongoDB , Inc. (NASDAQ:MDB), recently sold 1,045 shares of the company's Class A Common Stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an approximate price of $242.67 each, amounting to a total transaction value of $253,590. The transaction price aligns closely with the current market value of MongoDB, which has a market capitalization of $18.1 billion and maintains a FAIR financial health rating according to InvestingPro analysis.
Following this transaction, Merriman holds 85,652 shares indirectly through the Dwight A. Merriman Charitable Foundation, while directly owning 1,117,006 shares. An additional 520,896 shares are held indirectly by The Dwight A. Merriman 2012 Trust for the benefit of his children. The sale was executed under a pre-established Rule 10b5-1 trading plan. InvestingPro data shows MongoDB holds more cash than debt on its balance sheet, with 24 analysts maintaining positive earnings revisions. Get access to 8 more exclusive ProTips and comprehensive analysis through the MongoDB Pro Research Report.
In other recent news, MongoDB has seen a flurry of activity from analysts and investors alike. Guggenheim upgraded MongoDB shares from Neutral to Buy, setting a price target of $300. This upgrade is based on a discounted cash flow analysis and suggests a potential upside of 22%. Guggenheim predicts MongoDB's total revenue growth for FY26 to mirror the conservative 15% growth rate set in the past two years, potentially performing better than FY24 rather than FY25.
In a significant financial move, MongoDB issued shares and redeemed convertible notes, allowing note holders to convert their debt holdings into equity in the company. MongoDB issued 5,662,979 shares of its common stock in this transaction. This strategic move aligns with MongoDB's financial strategies and reflects its commitment to efficient capital structure management.
Several analysts have provided varied perspectives on MongoDB's future performance. Tigress Financial Partners maintained a Buy rating, raising its price target to $430.00. Monness, Crespi, Hardt downgraded MongoDB's shares to Sell, citing a slowdown in growth for MongoDB Atlas (NYSE:ATCO) and the recent resignation of the CFO. Macquarie initiated coverage on MongoDB with a Neutral rating and a price target of $300, acknowledging the company's appeal among developers, particularly for AI applications.
In Q3 2025, MongoDB reported a 22% year-over-year increase in revenue, reaching $529.4 million. This growth was consistent across its subscription revenue, which also rose by 22% to $512.2 million, and its services revenue, which saw an 18% increase to $17.2 million. These recent developments provide a snapshot of MongoDB's current financial health and market position.
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