MongoDB Director Hope Cochran Sells 1,000 Shares
Key Points
The transaction involved 1,000 shares executed at $375.92 per share, totaling $375,920 on September 17, 2026.
The transaction size was equivalent to 3% of the director's equity holdings held before the filing.
The shares were held directly and sold under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person.
The transaction was executed for routine liquidity purposes and follows a period of equity performance where the company generated a one-year return of 25% as of the transaction date.
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Hope F. Cochran, a Director at MongoDB, Inc. (NASDAQ:MDB), disclosed a sale of 1,000 shares of common stock on Sept. 17, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Shares sold | 1,000 |
| Transaction value | $375,920 |
| Post-transaction shares (directly held) | 28,326 |
| Post-transaction value | ~$11.14 million |
Transaction value based on SEC Form 4 weighted average sale price ($375.92); post-transaction value based on Sept. 17, 2026, market close ($393.42).
Key questions
- What was the execution context for this trade?
The transaction was executed through a Rule 10b5-1 trading plan, which allows insiders to establish a predetermined schedule for selling shares to manage personal financial planning and portfolio diversification. - How does the current market price compare to the execution level?
The stock was priced at $407.30 as of the Sept. 21, 2026, market close, representing an 8% premium to the insider's sale price of $375.92. - What is the director's remaining equity exposure?
Following the disposition, the director maintains a direct position of 28,326 shares in MongoDB, which represents approximately 0.0352% of the company's total shares outstanding.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-21) | $407.30 |
| Market Capitalization | $32.8 billion |
| Revenue (TTM) | $2.8 billion |
| Net Income (TTM) | $58.9 million |
Company Snapshot
- MongoDB provides a versatile database platform, including MongoDB Enterprise Advanced for enterprise deployments across cloud, on-premises, and hybrid environments, as well as MongoDB Atlas. This fully managed multi-cloud database-as-a-service solution generates substantial recurring revenue.
- The company operates a subscription-based business model with tiered offerings ranging from a free Community Server for developers to premium enterprise solutions, enabling scalable revenue generation across customer segments and deployment preferences.
- MongoDB serves a diverse customer base, including enterprise organizations, mid-market companies, and individual developers seeking modern database infrastructure, with particular strength in cloud-native and application development markets.
MongoDB is a leading global provider of database platform solutions with a market capitalization of $32 billion and TTM revenue of $2.8 billion, serving thousands of organizations worldwide. The company's differentiated approach combines a flexible document-oriented database architecture with comprehensive managed services, positioning it as a critical infrastructure provider in the modern application development ecosystem.
With 5,783 employees and a 25% one-year stock price appreciation, MongoDB demonstrates strong market demand for its cloud-native database solutions and enterprise data management capabilities.
What this transaction means for investors
This sale shouldn't concern investors. It was executed under a Rule 10b5-1 plan that insiders use to avoid concerns of acting on non-public information about the company. Cochran still retains a substantial stake worth about $11 million in the stock following the transaction.
Importantly, MongoDB's growth has accelerated over the past year. In the July-ending fiscal quarter, revenue grew 30.5% year over year to $772 million, driven by the company's Enterprise Advanced segment. This compares to 24% growth reported in the same quarter a year ago.
Analysts expect earnings to grow by about 12% annually in the next few years, while the stock trades at 59 times this year's earnings estimate.
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John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MongoDB. The Motley Fool has a disclosure policy.
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