MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the sale, the director owned 161,762 shares of the company's stock, valued at approximately $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
MongoDB Price Performance
Shares of MongoDB stock opened at $352.56 on Tuesday. MongoDB, Inc. has a 1 year low of $196.00 and a 1 year high of $444.72. The firm has a market cap of $28.36 billion, a PE ratio of -952.86, a PEG ratio of 1,505.91 and a beta of 1.57. The company has a 50 day simple moving average of $287.60 and a two-hundred day simple moving average of $334.42.
MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $664.53 million. During the same period in the previous year, the business posted $1.00 earnings per share. MongoDB's revenue for the quarter was up 25.2% on a year-over-year basis. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.
Hedge Funds Weigh In On MongoDB
Large investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC increased its stake 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 period. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB in the fourth quarter worth $28,000. Huntington National Bank increased its stake in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company's stock worth $30,000 after buying an additional 51 shares during the period. International Assets Investment Management LLC purchased a new position in shares of MongoDB in the fourth quarter worth $33,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of MongoDB in the first quarter worth $34,000. Hedge funds and other institutional investors own 89.29% of the company's stock.
Wall Street Analyst Weigh In
MDB has been the topic of several research reports. Truist Financial decreased their price target on shares of MongoDB from $500.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Needham & Company LLC reaffirmed an "overweight" rating on shares of MongoDB in a 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 on the stock in a research report on Tuesday, March 3rd. Oppenheimer lifted their target price on shares of MongoDB from $375.00 to $410.00 and gave the stock an "outperform" rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $395.00 target price on shares of MongoDB in a research report on Tuesday, May 19th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $396.39.
Check Out Our Latest Analysis on MongoDB
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.
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