Key Points
- MongoDB director Charles Hazard Jr. sold 595 shares for approximately $216,491 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 1.3% to 45,237 shares.
- MongoDB recently exceeded quarterly expectations, reporting $1.90 in EPS versus $1.62 expected and revenue of $771.77 million, up 30.5% year over year.
- Analysts maintain a broadly positive view, with the stock rated “Moderate Buy” and an average price target of $462.91; institutional investors own 89.29% of outstanding shares.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Charles Hazard, Jr. sold 595 shares of MongoDB stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $363.85, for a total value of $216,490.75. Following the sale, the director owned 45,237 shares in the company, valued at $16,459,482.45. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Trading Up 2.3%
MongoDB stock opened at $371.35 on Friday. MongoDB, Inc. has a 52 week low of $215.68 and a 52 week high of $473.10. The stock has a market cap of $29.91 billion, a P/E ratio of 523.03, a price-to-earnings-growth ratio of 39.00 and a beta of 1.74. The stock has a 50 day moving average of $394.82 and a 200-day moving average of $336.34.
MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm had revenue of $771.77 million for the quarter, compared to analysts' expectations of $735.01 million. During the same period in the prior year, the company posted $1.00 earnings per share. The firm's quarterly revenue was up 30.5% on a year-over-year basis. 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, equities analysts predict that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.
Hedge Funds Weigh In On MongoDB
A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. GAMMA Investing LLC increased its position in MongoDB by 26.8% in the third quarter. GAMMA Investing LLC now owns 525 shares of the company's stock worth $183,000 after buying an additional 111 shares during the period. Zevenbergen Capital Investments LLC lifted its stake in MongoDB by 26.8% in the third quarter. Zevenbergen Capital Investments LLC now owns 42,100 shares of the company's stock valued at $14,676,000 after buying an additional 8,900 shares during the last quarter. Everhart Financial Group Inc. grew its position in shares of MongoDB by 25.3% during the third quarter. Everhart Financial Group Inc. now owns 1,421 shares of the company's stock worth $495,000 after acquiring an additional 287 shares during the last quarter. Gradient Investments LLC boosted its stake in MongoDB by 2.8% during the 3rd quarter. Gradient Investments LLC now owns 6,961 shares of the company's stock valued at $2,427,000 after purchasing an additional 192 shares during the period. Finally, Elevation Wealth Partners LLC boosted its stake in MongoDB by 209.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 201 shares of the company's stock valued at $70,000 after purchasing an additional 136 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently weighed in on MDB shares. William Blair reissued an "outperform" rating on shares of MongoDB in a report on Monday, September 28th. Guggenheim reaffirmed a "buy" rating and set a $560.00 target price on shares of MongoDB in a report on Tuesday, September 29th. KGI Securities started coverage on MongoDB in a research report on Wednesday, July 8th. They issued an "outperform" rating and a $470.00 target price for the company. Zacks Research upgraded MongoDB from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 3rd. Finally, Citizens Jmp reissued a "market outperform" rating and set a $519.00 price target on shares of MongoDB in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $462.91.
Check Out Our Latest Research Report on MongoDB
About MongoDB
(
Get Free Report)
MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.
The company's principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.
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