MongoDB (MDB) Director Merriman Dwight A Sells $377K of Stock
Director Merriman sold 1,000 shares of MongoDB for $377,000 on October 9, 2026.
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Merriman Dwight A, Director at MongoDB, Inc. ($MDB), sold 1,000 shares at an average price of $377, worth about $377,000, on October 9, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $MDB is down 12.5% after 1 week and down 12.5% to date (from the $385.93 close on Oct 9, 2026).
MDB
MongoDB, Inc.
Key Points
- On October 9, 2026, Director Merriman Dwight A sold 1,000 shares of MongoDB, Inc. at a price of $377.00 each, totaling $377,000.
- MongoDB's stock recently traded around $334.51, which is below its 50-day moving average by about 15.5% and nearly 29.3% below its 52-week high.
- Analysts are generally positive on MongoDB, with a consensus rating of 'buy' and a mean price target of $449.74.
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Director Merriman Dwight A sold 1,000 shares of MongoDB, Inc. (MDB) on October 9, 2026, for $377,000. This planned sale was made at a price of $377.00 per share.
Inside Merriman's Trade
Merriman's sale comes as the stock is currently trading below its recent averages. The recent price of MongoDB shares is around $334.51, which is about 15.5% below its 50-day moving average of $395.87. It is also approximately 29.3% lower than its 52-week high of $473.10.
Other Institutional Activity in MongoDB
Several other institutional investors have been active with MongoDB shares. Blackrock Inc. increased its holdings by 617,178 shares, totaling 6,342,387 shares worth about $2.14 billion. FMR, LLC also boosted its position, adding 1,467,908 shares to reach a total of 3,660,780 shares valued at $1.24 billion. Meanwhile, Vanguard Portfolio Management LLC trimmed its stake by 23,408 shares, ending with 4,478,068 shares worth approximately $1.51 billion.
MongoDB, Inc. Stock Down 6.1%
With MongoDB trading at $334.51 recently, it's important to note that this price is below its 50-day and 200-day moving averages. Investors may consider this when evaluating the stock's performance in the near term. The stock is also significantly below its mean price target of $449.74, indicating potential room for recovery.
Recent Earnings
MongoDB reported trailing twelve-month revenue of approximately $2.78 billion, showing a year-over-year revenue growth of 30.5%. The company has a net margin of 2.1% and a return on equity of 2.0%. The next earnings report is expected on December 1, 2026.
Insider Buying and Selling at MongoDB, Inc.
In addition to Merriman's sale, other insiders have also traded shares recently. Director Hope F Cochran sold 1,000 shares on September 17, 2026, for $375.92 each, totaling $375,920. On October 6, 2026, Director Charles M. Hazard Jr. sold 595 shares at $363.85, valued at $216,491. Earlier, on August 17, 2026, Merriman sold 16,000 shares, which were valued at about $7.42 million.
Analysts Set New Price Targets
Analysts have generally maintained a positive outlook on MongoDB. On September 30, 2026, DA Davidson reaffirmed its 'Buy' rating with a price target of $415.00. UBS also maintained a 'Neutral' rating with a target of $375.00. The consensus among analysts is a 'buy' rating with a mean price target of $449.74.
About MongoDB, Inc.
MongoDB, Inc. provides a general-purpose database platform worldwide. It offers MongoDB Atlas, a cloud database service, and MongoDB Enterprise Advanced for enterprise customers. The company is based in New York and has around 5,783 employees.
Bottom Line
Investors will want to keep an eye on MongoDB's stock performance leading up to the next earnings report on December 1, 2026. The recent insider selling could indicate various strategies among company leaders, while analysts remain optimistic about the stock's future potential.
Related Filing Alerts
Source: Merriman Dwight A's Form 4 filing on $MDB (Oct 9, 2026). Find the original filing: MDB Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts