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In a recent transaction disclosed by MongoDB , Inc. (NASDAQ:MDB), a $12.6 billion database software company, Chief Accounting Officer Bull Thomas sold 301 shares of the company’s Class A common stock. According to InvestingPro data, the stock is currently trading near its 52-week low, having declined about 34% year-to-date. The shares were sold at a weighted average price of $173.25, totaling approximately $52,148. This transaction, dated April 2, 2025, leaves Thomas with 14,598 shares owned directly. The sale was conducted to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units. Despite recent market pressure, InvestingPro analysis indicates MongoDB maintains a strong balance sheet with more cash than debt, while analysts expect the company to achieve profitability this year. InvestingPro subscribers have access to 15 additional key insights about MongoDB’s financial health and market position.
In other recent news, MongoDB has been the focus of multiple analyst updates and earnings reports. The company posted a strong fourth-quarter performance, exceeding revenue expectations by $27.8 million, marking a 20% increase from the previous year. However, MongoDB’s guidance for fiscal year 2026 fell short of market expectations, with a $50 million shortfall attributed to decreased multiyear deal activity. Despite this, MongoDB’s Atlas (NYSE:ATCO) revenue grew by 24% in the fourth quarter, surpassing consensus estimates, though it marked a slight deceleration from the previous quarter.
Analysts have responded with varied adjustments to their price targets. RBC Capital Markets reduced its price target for MongoDB from $400 to $320 while maintaining an Outperform rating. Guggenheim Securities also lowered its target from $325 to $300, citing conservative guidance as a factor. Meanwhile, Citi maintained its Buy rating with a $430 target, expressing confidence in MongoDB’s growth potential and recent acquisition of Voyage AI.
DA Davidson reaffirmed a Buy rating with a $275 target, highlighting potential growth in MongoDB’s Atlas platform. William Blair reiterated its Outperform rating, noting MongoDB’s impressive operating margin and success in acquiring new workloads. These recent developments reflect a mixed but generally optimistic outlook on MongoDB’s ability to navigate market challenges and capitalize on growth opportunities.
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