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.
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.
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.