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MongoDB Shares Drop Amid Insider Sales Despite Strong Earnings

MongoDB Shares Drop Amid Insider Sales Despite Strong Earnings

Author:

Global Cryptocurrency

Published:

2026-01-15 11:15:02

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BTCCSquare news:

MongoDB's stock fell sharply by 5.9% to $386.81, underperforming despite a robust earnings beat and bullish analyst sentiment. Trading volume remained subdued, 32% below the average, signaling cautious market participation.

The database software company reported Q3 earnings of $1.32 per share, significantly surpassing the $0.79 estimate, with revenue climbing 18.7% year-over-year to $628.3 million. Citigroup and Needham raised price targets to $525 and $500 respectively, reflecting confidence in MongoDB's growth trajectory.

Notably, insiders sold $26 million worth of shares last quarter, creating downward pressure. Institutional ownership stands at 89.3%, maintaining strong backing despite the company's negative net margin of 3.06%.

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