MongoDB CRO Cedric Pech sold 6,805 shares at $350.00 on 2024-11-25; stock now $324.60, down 35.2% from 52-week high.
Cedric Pech, MongoDB's Chief Revenue Officer, divested 6,805 shares (reducing his holdings by 21.6% from 31,482 to 24,677 shares) at $350.00 on 2024-11-25, realizing $2,381,750.00. The current price of $324.60 reflects a -35.2% decline from the 52-week high of $500.90. Notably, his prior five sales at MongoDB (all in April 2024) achieved a 5-of-5 well-timed rate at the 90-day mark, each followed by a 23.7%–24.3% decline, and his cross-ticker track record shows a 65.00% well-timed sell rate—suggesting a consistent pattern of selling near near-term peaks. Against this backdrop, the November sale occurred while MDB stock was up +19.3% over 30 days and +32.1% over 90 days, though the company remained unprofitable (full-year net income was negative) despite strong revenue growth of 31.1% year-over-year. The pattern of insider sales preceded meaningful downside, yet current price action and fundamental trajectory warrant closer examination of whether the recent rally masks underlying deterioration.