MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the sale, the director owned 452,896 shares in the company, valued at approximately $204,595,768. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Stock Down 0.9%
NASDAQ MDB opened at $434.62 on Wednesday. MongoDB, Inc. has a twelve month low of $206.92 and a twelve month high of $473.10. The stock has a market cap of $34.96 billion, a P/E ratio of -1,174.65, a PEG ratio of 3,270.10 and a beta of 1.55. The company's 50-day simple moving average is $352.08 and its 200 day simple moving average is $317.28.
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 analysts' consensus estimates of $1.19 by $0.13. The firm had revenue of $687.62 million during the quarter, compared to analysts' expectations of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company's revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the company earned $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. Research analysts anticipate that MongoDB, Inc. will post 0.01 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Mizuho raised their target price on MongoDB from $325.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, May 29th. Citigroup increased their price objective on MongoDB from $455.00 to $545.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Oppenheimer lifted their price objective on MongoDB from $410.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Stifel Nicolaus set a $475.00 target price on shares of MongoDB in a research note on Tuesday. Finally, Scotiabank restated an "outperform" rating on shares of MongoDB in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $418.26.
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Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC grew its position in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock worth $27,000 after acquiring an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB in the 4th quarter valued at $33,000. Root Financial Partners LLC raised its position in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company's stock valued at $37,000 after purchasing an additional 32 shares during the last quarter. CX Institutional boosted its stake in MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company's stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp boosted its stake in MongoDB by 500.0% in the fourth quarter. Murphy & Mullick Capital Management Corp now owns 120 shares of the company's stock worth $50,000 after purchasing an additional 100 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
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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