Director Dwight A. Merriman completed a series of stock sales in MongoDB, Inc. totaling $6.1 million between February 12 and February 17, 2026. The transactions were carried out under a Rule 10b5-1 trading arrangement and were executed at prices that ranged from $353.35 to $368.00 per share. As of the time of the sales, MongoDB's market price was $354.36, which is near the low end of the range at which Merriman sold shares.
Details of the February transactions
On February 12, Merriman sold stock held in The Dwight A. Merriman 2012 Trust, which benefits his children. The trust transactions on that date consisted of:
- 4,168 shares at an average price of $364.64
- 195 shares at an average price of $365.94
- 1,000 shares at an average price of $367.08
- 637 shares at $368.00
On February 13, he sold several lots comprising:
- 5,000 shares at $353.35
- 768 shares at an average price of $355.36
- 2,142 shares at an average price of $356.58
- 2,090 shares at an average price of $358.06
On February 17, Merriman sold 1,200 shares at $364.00 that were held by the Dwight A. Merriman Charitable Foundation.
Post-sale ownership
After these disposals, Merriman's reported holdings are:
- 1,021,316 shares held directly
- 79,262 shares indirectly held through the Dwight A. Merriman Charitable Foundation
- 484,896 shares indirectly held through The Dwight A. Merriman 2012 Trust
Balance-sheet snapshot and profit outlook
On the balance-sheet front, MongoDB maintains more cash than debt and shows a strong current ratio of 5.25. The company has not been profitable over the trailing twelve months, but analysts project that MongoDB will reach profitability in fiscal 2026, with consensus earnings per share of $5.10 for the year.
MongoDB's stock has climbed 56% over the past six months. The company is scheduled to report quarterly results on March 2, 2026, an event that will provide more detail on revenue trends and profitability timing.
Analyst commentary and company developments
Recent analyst and industry commentary included multiple firms maintaining or raising positive ratings and price targets on the company, with several targeting $500 per share. Support cited in those notes referenced MongoDB's positioning as a database provider for AI-related applications and accelerating revenue from its Atlas cloud database service. The company also showcased AI-related product updates at a recent user conference, including enhancements to its Voyage AI models and the public preview of an Embedding and Reranking API for the MongoDB Atlas platform. Separate commentary noted structured assessments of AI-related disruption risk and opportunity.
Context for investors
Insider sales executed under prearranged Rule 10b5-1 plans are a recognized mechanism for directors to reduce holdings while limiting questions about timing. The combination of sizeable director disposals, the company's near-term profit assumptions, recent analyst enthusiasm, and the upcoming earnings release creates a set of near-term data points investors will likely monitor closely.
While the director's sales are significant in aggregate value, Merriman continues to hold a substantial equity position directly and indirectly.