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Director Dwight A. Merriman of MongoDB, Inc. (NASDAQ:MDB), the $26 billion market cap database software company, sold 30,990 shares of Class A Common Stock on September 19, 2025, for approximately $9.9 million. The sales occurred at prices ranging from $318.66 to $322.67, near the stock’s current trading level of $319.11. According to InvestingPro data, MDB has shown remarkable strength with a 68% return over the past six months.
Merriman sold 4,417 shares at an average price of $318.66, 8,229 shares at an average price of $319.55, 5,602 shares at an average price of $320.63, 6,361 shares at an average price of $321.39, and 391 shares at an average price of $322.67. Additionally, 4,000 shares were sold at an average price of $320.08 and 2,000 shares were sold at $322.24 by trust. The company maintains strong financial health with a current ratio of 5.7, indicating robust liquidity.
Following these transactions, Merriman directly owns 1,079,316 shares of MongoDB , Inc. Class A Common Stock and indirectly owns 514,896 shares by trust. He also has voting and investment power over 83,845 shares held by the Dwight A. Merriman Charitable Foundation.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan.
In other recent news, MongoDB has seen several adjustments to its stock price targets by various financial institutions. Piper Sandler increased its price target to $400, emphasizing MongoDB’s ambitious vision to scale to $5 billion in revenue and achieve the Rule of 40 benchmark. Truist Securities raised its target to $375, expressing optimism about the company’s consumption trends following the MongoDB 2025 investor day. Similarly, JMP Securities also set a price target of $375, highlighting the company’s long-term financial targets presented at the MongoDB.local NYC 2025 event.
Canaccord Genuity maintained a Buy rating while elevating its price target to $375, citing MongoDB’s potential in the AI application cycle. Scotiabank adjusted its target to $320, noting the company’s healthy momentum after discussions with several MongoDB customers. These developments reflect a positive sentiment among analysts regarding MongoDB’s future prospects.
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