Key Points
- Director Hope Cochran sold 1,000 MongoDB shares for $375,920 under a pre-arranged Rule 10b5-1 trading plan, reducing her direct ownership by 3.41% to 28,326 shares.
- MongoDB reported quarterly EPS of $1.90, exceeding estimates of $1.62, while revenue of $771.77 million rose 30.5% year over year and surpassed expectations.
- The stock opened at $407.30, and analysts maintained a generally positive outlook with a consensus “Moderate Buy” rating and an average price target of $471.81; institutional investors own 89.29% of shares.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Hope Cochran sold 1,000 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the sale, the director directly owned 28,326 shares of the company's stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Stock Up 6.2%
Shares of NASDAQ MDB opened at $407.30 on Tuesday. The stock's fifty day simple moving average is $379.77 and its 200 day simple moving average is $326.36. The stock has a market capitalization of $32.81 billion, a price-to-earnings ratio of 573.66, a PEG ratio of 41.21 and a beta of 1.58. MongoDB, Inc. has a 52-week low of $215.68 and a 52-week high of $473.10.
MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same period in the prior year, the business posted $1.00 earnings per share. MongoDB's revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, analysts anticipate that MongoDB, Inc. will post 0.47 earnings per share for the current year.
Institutional Trading of MongoDB
Several institutional investors have recently made changes to their positions in MDB. SkyView Investment Advisors LLC purchased a new stake in MongoDB in the 2nd quarter worth approximately $252,000. Sequoia Financial Advisors LLC increased its stake in shares of MongoDB by 36.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company's stock worth $877,000 after acquiring an additional 701 shares during the last quarter. National Pension Service raised its holdings in shares of MongoDB by 10.7% during the second quarter. National Pension Service now owns 153,687 shares of the company's stock worth $51,623,000 after acquiring an additional 14,866 shares in the last quarter. NewEdge Advisors LLC boosted its position in MongoDB by 10.3% during the second quarter. NewEdge Advisors LLC now owns 4,287 shares of the company's stock valued at $1,440,000 after purchasing an additional 400 shares during the last quarter. Finally, Stableford Capital II LLC acquired a new stake in MongoDB during the second quarter valued at $726,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of MongoDB from $475.00 to $465.00 and set a "buy" rating for the company in a report on Wednesday, September 2nd. Scotiabank restated an "outperform" rating on shares of MongoDB in a research report on Wednesday, September 2nd. Weiss Ratings upgraded shares of MongoDB from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, September 2nd. The Goldman Sachs Group lifted their price objective on shares of MongoDB from $453.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Finally, Tigress Financial boosted their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $471.81.
Read Our Latest Stock Report on MDB
About MongoDB
(
Get Free Report)
MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.
The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.
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