In a recent transaction, Dwight A. Merriman, a director at MongoDB , Inc. (NASDAQ:MDB), sold 1,000 shares of the company's Class A Common Stock. The shares were sold at a price of $265 each, amounting to a total value of $265,000. Following this sale, Merriman retains direct ownership of 1,116,006 shares. The transaction occurred as MongoDB, currently valued at $19.3 billion, trades near InvestingPro's Fair Value estimate, with 24 analysts recently revising their earnings expectations upward.
Additionally, Merriman holds indirect ownership of MongoDB shares through the Dwight A. Merriman Charitable Foundation and a trust established for his children. The charitable foundation holds 85,652 shares, while the trust holds 520,896 shares. The sale was executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks. According to InvestingPro, MongoDB maintains strong financial health with more cash than debt and liquid assets exceeding short-term obligations. Subscribers can access 8 additional key ProTips and a comprehensive Pro Research Report covering MongoDB's detailed financial analysis.
In other recent news, MongoDB, a NoSQL database leader, has been the focus of various analyst evaluations and significant company developments. Cantor Fitzgerald initiated coverage on MongoDB with an Overweight rating and a price target of $344, suggesting the market sentiment is overly negative. The firm also anticipates mid-20% revenue growth for MongoDB in fiscal year 2025, higher than the 17% growth projected by the Street.
Guggenheim upgraded MongoDB shares from Neutral to Buy, setting a price target of $300 and expecting balanced growth. The firm predicts Atlas (NYSE:ATCO) growth to accelerate to 29% in FY26, a slight increase from 27% in FY25. On the other hand, Monness, Crespi, Hardt downgraded MongoDB's shares to Sell, citing a slowdown in growth for MongoDB Atlas and the recent resignation of the CFO.
Among the recent developments, MongoDB issued 5,662,979 shares of its common stock and redeemed convertible notes, aligning with the company's financial strategies. In the third quarter of 2025, MongoDB reported a 22% year-over-year increase in revenue, reaching $529.4 million. Subscription revenue also rose by 22% to $512.2 million, and services revenue saw an 18% increase to $17.2 million. The company recently announced the release of MongoDB 8.0, featuring 45 architectural improvements expected to bring performance enhancements, cost reductions, and additional scalability, resilience, and data security features.
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