NEW YORK—Gordon Michael Lawrence, the Chief Operating Officer and Chief Financial Officer of MongoDB , Inc. (NASDAQ:MDB), recently sold shares of the company's Class A Common Stock, according to a filing with the Securities and Exchange Commission. The transaction comes as MongoDB's stock has declined approximately 11% over the past week, though the company maintains strong fundamentals with over 20% revenue growth and a solid balance sheet, according to InvestingPro data.
On December 16, Lawrence executed a series of transactions, selling a total of 4,700 shares at prices ranging from $261.90 to $274.10 per share. The total value of these sales amounted to approximately $1.34 million.
In addition to the sales, Lawrence acquired 5,000 shares through the exercise of employee stock options at a price of $6.50 per share, translating to a total acquisition cost of $32,500.
Following these transactions, Lawrence holds 80,307 shares directly. The transactions were conducted under a pre-established Rule 10b5-1 trading plan, designed to allow insiders to sell stock at predetermined times.
In other recent news, MongoDB reported a 22% year-over-year increase in revenue up to $529.4 million in the third quarter of 2025. The company's subscription revenue also saw a 22% rise to $512.2 million, with its services revenue increasing by 18% to $17.2 million. MongoDB's customer count grew to over 52,600, with Atlas (NYSE:ATCO) revenue up by 26% year-over-year, now accounting for 68% of total revenue.
MongoDB also announced the release of MongoDB 8.0, a version of the database with 45 architectural improvements, expected to bring performance enhancements, cost reductions, and additional scalability, resilience, and data security features. Analysts from Tigress Financial Partners, Canaccord Genuity (TSX:CF), and Truist Securities have all increased their price targets for MongoDB, maintaining a Buy rating due to the company's promising position in the AI value chain and its impressive performance.
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, acknowledging the company's appeal among developers, particularly for AI applications, but expressed caution regarding MongoDB's future market share expansions due to intensifying competition. These are recent developments in the company's business performance and analyst outlooks.
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