high
Sell
10,000 shares
$2,280,000
Significance
6/10
Director John Dennis McMahon sold 10,000 MDB shares at $228.00 on 2024-06-24; post-sale holdings: 14,143 shares (-41.4% vs pre-transaction)
McMahon sold 10,000 shares (41.4% of pre-transaction holdings) at $228.00, reducing his stake from 24,143 to 14,143 shares. The sale occurred when MongoDB was unprofitable over its most recent full fiscal year with net income of $-80,593,000.00, while the stock has since declined 31.2% over 30 days and 32.9% over 90 days from the transaction date, trading now at $240.52 (52.0% below the 52-week high of $500.90). A substantial reduction in director holdings during a period of operational losses and significant downward price momentum merits investor attention to underlying business fundamentals.