Key Points
- MongoDB Director Charles Hazard, Jr. sold 595 shares for about $208,524 at an average price of $350.46 under a pre-arranged Rule 10b5-1 plan; he retained 44,642 shares.
- MongoDB reported quarterly EPS of $1.90, above the $1.62 analyst consensus, and revenue of $771.77 million, ahead of expectations and up 30.5% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $461.91.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Charles Hazard, Jr. sold 595 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $350.46, for a total transaction of $208,523.70. Following the completion of the sale, the director directly owned 44,642 shares of the company's stock, valued at approximately $15,645,235.32. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Price Performance
Shares of NASDAQ MDB opened at $328.38 on Thursday. The company has a market capitalization of $26.45 billion, a P/E ratio of 462.51, a P/E/G ratio of 30.53 and a beta of 1.74. The company has a 50 day simple moving average of $377.94 and a 200-day simple moving average of $338.09. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10.
MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to analysts' expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm's quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 earnings per share. 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, research analysts expect that MongoDB, Inc. will post 0.50 EPS for the current year.
Hedge Funds Weigh In On MongoDB
Several institutional investors have recently bought and sold shares of MDB. Smallwood Wealth Investment Management LLC purchased a new position in shares of MongoDB in the second quarter valued at approximately $34,000. NBH Bank acquired a new position in shares of MongoDB in the second quarter valued at approximately $34,000. CX Institutional grew its holdings in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company's stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of MongoDB in the first quarter valued at approximately $34,000. Finally, WPG Advisers LLC grew its holdings in shares of MongoDB by 49.1% in the third quarter. WPG Advisers LLC now owns 167 shares of the company's stock valued at $58,000 after purchasing an additional 55 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on MDB. Zacks Research upgraded MongoDB from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 3rd. Guggenheim restated a "buy" rating and issued a $560.00 price objective on shares of MongoDB in a report on Tuesday, September 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $470.00 target price on shares of MongoDB in a research report on Wednesday, September 30th. Stephens decreased their target price on shares of MongoDB from $398.00 to $372.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 30th. Finally, Barclays increased their price objective on shares of MongoDB from $460.00 to $480.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $461.91.
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About MongoDB
(
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MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.
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 run databases in their own data centers or in hybrid environments.
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