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Thomas Bull, Chief Accounting Officer at MongoDB Inc (NASDAQ:MDB), sold 2,000 shares of Class A Common Stock on July 31, 2025. The shares were sold at a price of $250.0, for a total transaction value of $500,000. The transaction comes as MongoDB, currently valued at $18.47 billion, has seen its stock decline nearly 10% over the past week. According to InvestingPro analysis, the company maintains strong financial health with robust revenue growth of 19% year-over-year.
Following the transaction, Bull directly owns 12,598 shares of MongoDB, Inc. The sale was executed under a Rule 10b5-1 trading plan. With the company’s next earnings report scheduled for August 28, 2025, InvestingPro subscribers can access comprehensive insider trading analysis and 11 additional ProTips to better understand this transaction’s significance.
In other recent news, MongoDB reported a fiscal first-quarter revenue of $549 million, marking a 22% increase year-over-year and surpassing the consensus estimate of $528 million. This growth was largely attributed to a 26% year-over-year increase in its Atlas service. Following these results, Citi analysts raised their price target for MongoDB to $395, maintaining a Buy rating, while Mizuho (NYSE:MFG) increased their price target to $210, keeping a Neutral rating. Additionally, BMO Capital initiated coverage of MongoDB with an Outperform rating and a $280 price target, citing the company’s strong position in the non-relational database market.
Cantor Fitzgerald maintained an Overweight rating on MongoDB, highlighting the company’s robust start to fiscal year 2026 and a significant recovery in its Cloud/Atlas segment. Despite a projected decline in enterprise agreements, MongoDB management is confident in Atlas’ potential growth. In corporate governance news, MongoDB shareholders approved board elections and a charter amendment at the annual meeting, electing Francisco D’Souza, Charles M. Hazard, Jr., and Tom Killalea as Class II directors. These developments reflect MongoDB’s ongoing efforts to strengthen its market position and adapt to changing economic conditions.
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