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Dwight A. Merriman, a director at MongoDB, Inc. (NASDAQ:MDB), sold a total of 6,000 shares of common stock on November 12, 2025, for approximately $2.23 million. The sales were executed in two separate transactions, with prices ranging from $372.22 to $373.28. MongoDB shares have delivered an impressive 81% return over the past six months and are currently trading near their 52-week high of $385.44, according to InvestingPro data.
The first transaction involved the sale of 4,640 shares, with prices ranging from $372.00 to $372.92, resulting in a total value of $1,726,092.80. The second transaction involved the sale of 1,360 shares, with prices ranging from $373.21 to $373.54, resulting in a total value of $507,660.80.
Following these transactions, Merriman directly holds 1,065,316 shares and indirectly holds 502,896 shares through The Dwight A. Merriman 2012 Trust for the benefit of his children. Additionally, 83,845 shares are held by the Dwight A. Merriman Charitable Foundation.
The sales were conducted pursuant to a Rule 10b5-1 trading plan. While MongoDB is not yet profitable over the last twelve months, InvestingPro indicates the company holds more cash than debt and analysts expect it to become profitable this year. Investors can access MongoDB’s comprehensive Pro Research Report, along with 10+ additional ProTips and extensive financial metrics, on InvestingPro. The company is scheduled to report its next earnings on December 1, 2025.
In other recent news, MongoDB has announced a significant leadership transition with CEO Dev Ittycheria set to retire from his full-time role, effective November 10, 2025. Chirantan "CJ" Desai will succeed him as the new President and CEO. This leadership change has prompted several financial firms to adjust their price targets for MongoDB. DA Davidson and BMO Capital have both raised their price targets to $415, maintaining a Buy and Outperform rating, respectively. Similarly, RBC Capital has increased its price target to $405, while Citizens has set a new target at $435, both maintaining positive outlooks on the stock. The adjustments reflect the market’s response to the upcoming CEO transition. MongoDB is also preparing to release its third-quarter fiscal 2026 earnings report, scheduled for December 1st. Investors will be closely watching these developments as the company navigates this period of change.
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