MongoDB director Cochran Hope sells stock worth $313,713 By Investing.com

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Additionally, Hope acquired 2,938 shares through the exercise of stock options at a price of $7.58 per share, amounting to a total acquisition cost of $22,270. These transactions were made under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock. Following these transactions, Hope’s direct ownership stands at 20,562 shares.

In other recent news, MongoDB has been the subject of numerous analyst updates and has shown impressive financial performance. The company reported a 22% year-over-year increase in revenue, reaching $529.4 million in the third quarter of 2025. The growth was consistent across its subscription revenue, which also rose by 22% to $512.2 million, and its services revenue, which saw an 18% increase to $17.2 million.

MongoDB has also been backed by Tigress Financial Partners, which raised its price target to $430.00 and maintained a Buy rating. The company’s strategic initiatives and adoption of its Atlas (NYSE:ATCO) DBaaS platform have been key factors in its upward trajectory. However, Monness, Crespi, Hardt downgraded MongoDB’s shares to Sell, citing a slowdown in growth for MongoDB Atlas and the recent resignation of the CFO.

Macquarie initiated coverage on MongoDB with a Neutral rating and a price target of $300, acknowledging the company’s appeal among developers, particularly for AI applications. Canaccord Genuity maintained a Buy rating on MongoDB and increased the price target to $385, highlighting the company’s promising position in the AI value chain. Truist Securities also increased MongoDB’s price target to $400, maintaining a Buy rating, and lauding the company’s impressive performance largely fueled by the sustained growth of the Enterprise Advanced business.

These recent developments provide a spectrum of analyst perspectives on MongoDB, reflecting both the potential opportunities and challenges faced by the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Article originally posted on mongodb google news. Visit mongodb google news

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