MongoDB, Inc. (NASDAQ: MDB) disclosed that Chief Financial Officer Michael J. Berry completed a sale of company equity on June 16, 2026. The transaction involved the disposal of common stock valued at approximately $1.76 million. These sales were executed under the parameters of a Rule 10b5-1 trading plan, a mechanism designed to facilitate pre-arranged equity transactions.
Mr. Berry disposed of a total of 5,000 shares of MongoDB common stock. The shares were held indirectly through The Berry Family Trust, a revocable trust where Mr. Berry serves as a trustee. The sales were executed in multiple transactions, with prices ranging from $345.42 to $363.87 per share. At the time of the report, MongoDB’s stock was trading at $332.64, which represents a decline from the sale prices. Despite this recent dip, the stock has delivered a 64% return over the past year. The company currently carries a market capitalization of $27 billion.
Following these sales, Mr. Berry’s indirect holding in MongoDB common stock through The Berry Family Trust stands at 1,500 shares. He continues to hold 84,820 shares of the company’s common stock directly.
According to InvestingPro analysis, MongoDB appears slightly undervalued at current levels. Investors should note that InvestingPro offers 12 additional exclusive tips for MDB, plus comprehensive Pro Research Reports covering over 1,400 US equities with actionable intelligence.
In other recent news, MongoDB has seen a series of analyst upgrades following its first-quarter fiscal 2027 results. The company reported a revenue outperformance of $23.1 million, driven by significant growth in its Atlas platform. This growth exceeded management’s forecasts, with Atlas showing a 29% increase, surpassing expectations by approximately 3%. Analysts have responded positively, with Stifel raising its price target to $435, citing accelerated consumption trends and robust usage among core workloads. Needham also raised its price target to $400, despite maintaining an Underperform rating, highlighting the impressive Atlas growth. BofA Securities increased its target to $390, noting that MongoDB’s results exceeded both their own and the broader market’s expectations. Tigress Financial Partners went further, setting a price target of $515 due to MongoDB’s leadership in AI-powered data infrastructure management. Meanwhile, Cantor Fitzgerald reiterated an Overweight rating with a $416 target, emphasizing MongoDB’s strategic role in the evolving AI data stack. These developments reflect a strong consensus among analysts on MongoDB’s potential for long-term growth.
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