Key Points
- MongoDB director Roelof Botha sold 44,050 shares on June 2 at an average price of $398.07, totaling about $17.5 million. After the sale, he still held 150,550 shares valued at roughly $59.9 million.
- MongoDB reported stronger-than-expected quarterly results, posting EPS of $1.32 versus the $1.19 consensus and revenue of $687.62 million versus expectations of $664.53 million. Revenue rose 25.2% year over year.
- Wall Street remains broadly positive on MDB, with 28 Buy ratings, 7 Hold ratings, and 1 Sell rating. The stock’s average analyst target price is $394.45, and it recently traded up 3.2%.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Roelof Botha sold 44,050 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the sale, the director owned 150,550 shares in the company, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
MongoDB Stock Up 3.2%
Shares of MDB stock opened at $380.18 on Friday. The stock has a market cap of $30.56 billion, a P/E ratio of -1,027.51 and a beta of 1.57. MongoDB, Inc. has a 52 week low of $196.00 and a 52 week high of $444.72. The company's fifty day simple moving average is $283.29 and its two-hundred day simple moving average is $334.24.
MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly 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. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million for the quarter, compared to analysts' expectations of $664.53 million. During the same quarter in the previous year, the company earned $1.00 EPS. The business's quarterly revenue was up 25.2% compared to the same quarter last year. 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, analysts anticipate that MongoDB, Inc. will post -0.42 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have issued reports on MDB shares. Bank of America raised their price target on shares of MongoDB from $375.00 to $390.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Rosenblatt Securities reissued a "buy" rating and issued a $385.00 price target on shares of MongoDB in a research note on Tuesday, May 26th. Wells Fargo & Company reduced their price target on shares of MongoDB from $450.00 to $375.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 3rd. Needham & Company LLC restated an "overweight" rating on shares of MongoDB in a report on Friday, May 29th. Finally, The Goldman Sachs Group lowered their target price on shares of MongoDB from $475.00 to $320.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $394.45.
Get Our Latest Stock Analysis on MongoDB
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC grew its position in shares of MongoDB by 1,220.0% during 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 in the last quarter. Central Pacific Bank Trust Division acquired a new stake in MongoDB in the 4th quarter valued at about $28,000. Huntington National Bank lifted its holdings in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company's stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in MongoDB during the 4th quarter worth about $33,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 89.29% of the company's stock.
MongoDB Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
