Key Points
- MongoDB director Hope Cochran sold 1,000 shares on May 29 at an average price of $350, totaling $350,000. The sale was made under a pre-arranged Rule 10b5-1 plan, and Cochran still held 27,010 shares afterward.
- The company recently beat earnings expectations, reporting $1.32 EPS versus the $1.19 consensus estimate and revenue of $687.62 million, also above forecasts. Revenue rose 25.2% year over year, and MongoDB issued FY2027 and Q2 2027 guidance.
- Analysts remain generally bullish despite some caution over valuation, with several firms raising or reaffirming positive ratings and price targets. Recent commentary has been supportive of MongoDB’s AI-driven growth story, though some note the stock may already reflect a premium outlook.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Hope Cochran sold 1,000 shares of the business's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director directly owned 27,010 shares of the company's stock, valued at approximately $9,453,500. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Price Performance
NASDAQ:MDB opened at $398.46 on Wednesday. The firm has a 50-day moving average of $276.11 and a 200-day moving average of $333.69. The company has a market cap of $32.02 billion, a PE ratio of -1,076.92 and a beta of 1.57. MongoDB, Inc. has a one year low of $190.36 and a one year high of $444.72.
MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm's revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities research analysts expect that MongoDB, Inc. will post -0.42 earnings per share for the current fiscal year.
Key Headlines Impacting MongoDB
Here are the key news stories impacting MongoDB this week:
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $395.00 target price on shares of MongoDB in a research report on Tuesday, May 19th. Citizens Jmp reissued a "market outperform" rating and set a $366.00 target price on shares of MongoDB in a research report on Friday, May 29th. Wells Fargo & Company decreased their target price on shares of MongoDB from $450.00 to $375.00 and set an "overweight" rating for the company in a research report on Tuesday, March 3rd. Robert W. Baird boosted their target price on shares of MongoDB from $260.00 to $335.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 20th. Finally, Guggenheim reissued a "buy" rating and set a $475.00 target price on shares of MongoDB in a research report on Friday, May 29th. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $394.45.
Get Our Latest Research Report on MongoDB
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Integrated Wealth Concepts LLC boosted its holdings in MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company's stock worth $239,000 after purchasing an additional 327 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in MongoDB by 55.0% during the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company's stock worth $743,000 after purchasing an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in MongoDB during the second quarter worth about $329,000. Cresset Asset Management LLC boosted its holdings in MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company's stock worth $659,000 after purchasing an additional 370 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company's stock valued at $2,565,000 after acquiring an additional 2,697 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
About MongoDB
(
Get Free Report)
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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