Key Points
- Director Hope Cochran sold 1,566 shares on April 1 at an average price of $249.33, raising roughly $390,451 and reducing her holdings by 6.10% to 24,093 shares valued at about $6.01M.
- MongoDB beat quarterly estimates with $1.65 EPS and $695.07M revenue (up 26.8% YoY), but remains unprofitable (net margin -2.89%, ROE -1.03%) and analysts forecast -1.78 EPS for the current fiscal year.
- Several analysts have trimmed targets (Oppenheimer and Truist to $375, UBS to $275), yet the consensus is a “Moderate Buy” with an average price target near $360; the stock has a $20.34B market cap and a 52‑week range of $140.78–$444.72.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Hope Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the sale, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
MongoDB Stock Performance
Shares of MongoDB stock opened at $253.12 on Friday. The company has a 50-day simple moving average of $308.71 and a two-hundred day simple moving average of $346.50. The stock has a market capitalization of $20.34 billion, a PE ratio of -287.64 and a beta of 1.60. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $444.72.
MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.18. The company had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in shares of MongoDB during the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC boosted its holdings in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock worth $27,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of MongoDB in the fourth quarter worth approximately $33,000. Root Financial Partners LLC grew its position in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company's stock valued at $37,000 after buying an additional 32 shares during the period. Finally, Global Trust Asset Management LLC bought a new stake in MongoDB during the fourth quarter valued at approximately $38,000. 89.29% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Oppenheimer dropped their price objective on MongoDB from $425.00 to $375.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 3rd. Truist Financial decreased their target price on MongoDB from $500.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. UBS Group lowered their target price on shares of MongoDB from $440.00 to $275.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 3rd. Scotiabank raised shares of MongoDB from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $275.00 to $310.00 in a report on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of MongoDB from a "hold" rating to a "buy" rating in a research note on Sunday, March 15th. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $360.03.
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MongoDB Company Profile
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MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.
The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.
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