New insider activity at MongoDB ( (MDB) ) has taken place on April 5, 2025.
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In a series of notable transactions, several top executives at MongoDB have sold portions of their stock. Interim CFO Srdjan Tanjga sold 525 shares, amounting to $90,962. President & CEO Dev Ittycheria made a significant sale of 18,512 shares, totaling $3,207,389. CAO Thomas Bull sold 301 shares for $52,148, while President of Field Operations Cedric Pech sold 1,690 shares, bringing in $292,809.
Recent Updates on MDB stock
Recent developments in MongoDB’s stock have seen several analysts adjusting their price targets due to various market conditions and company-specific factors. Cantor Fitzgerald lowered its price target on MongoDB, citing the underperformance of the software sector year-to-date and a sharp pullback in software stocks. Citi also reduced its price target and removed MongoDB from its Focus List, reflecting more conservative fiscal guidance and weaker non-Atlas revenue. Despite this, Citi remains optimistic about MongoDB’s growth potential as database modernization and AI use cases expand. Daiwa initiated coverage with an Outperform rating, while Barclays suggested that MongoDB shares deserve a second look, attributing slower Enterprise Advanced growth to accounting changes and sales comp adjustments. Truist lowered its price target as well, pointing to increased uncertainty due to policy decisions and a lower visibility environment for business leaders, particularly affecting infrastructure-related stocks.
More about MongoDB
YTD Price Performance: -33.23%
Average Trading Volume: 2,114,828
Technical Sentiment Signal: Strong Buy
Current Market Cap: $13.26B