Key Points
- MongoDB director Hope Cochran sold 1,566 shares on June 17 at an average price of $344.05, totaling about $538,782. The sale reduced her ownership by 5.8% and was made under a pre-arranged Rule 10b5-1 plan.
- MongoDB shares were down 4.1% in the session noted, with the stock opening at $319.16. The company has a market cap of $25.67 billion and is trading below its 200-day moving average.
- Recent earnings topped expectations, with MongoDB reporting $1.32 EPS versus the $1.19 consensus and revenue of $687.62 million, up 25.2% year over year. Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average target price of $396.39.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Hope Cochran sold 1,566 shares of the business's stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the transaction, the director owned 25,444 shares in the company, valued at approximately $8,754,008.20. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Stock Down 4.1%
NASDAQ MDB opened at $319.16 on Tuesday. The stock has a market capitalization of $25.67 billion, a P/E ratio of -862.59, a P/E/G ratio of 1,200.08 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 firm has a 50-day moving average price of $306.56 and a 200 day moving average price of $334.71.
MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the previous year, the company earned $1.00 EPS. The firm's revenue for the quarter 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, equities research analysts expect that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MDB. Tigress Financial lifted their price target on MongoDB from $430.00 to $515.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Cantor Fitzgerald increased their price objective on MongoDB from $378.00 to $416.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reduced their target price on MongoDB from $475.00 to $320.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. DA Davidson restated a "buy" rating and set a $375.00 target price on shares of MongoDB in a research report on Friday, May 29th. Finally, Monness Crespi & Hardt boosted their target price on shares of MongoDB from $370.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $396.39.
Read Our Latest Analysis on MDB
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of MDB. Integrated Wealth Concepts LLC raised its position in shares of MongoDB by 31.6% during the 1st 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 grew its holdings in MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company's stock valued at $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in MongoDB during the 2nd quarter valued at $329,000. Cresset Asset Management LLC increased its position 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 buying an additional 370 shares in the last quarter. Finally, Cerity Partners LLC increased its position in MongoDB by 28.3% during the second quarter. Cerity Partners LLC now owns 12,215 shares of the company's stock worth $2,565,000 after buying an additional 2,697 shares in the last quarter. 89.29% of the stock is 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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