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MongoDB, Inc. (NASDAQ:MDB – Free Report) – Research analysts at KeyCorp issued their Q4 2024 EPS estimates for shares of MongoDB in a report released on Tuesday, January 2nd. KeyCorp analyst E. Heath forecasts that the company will post earnings per share of ($0.68) for the quarter. KeyCorp currently has a “Overweight” rating and a $440.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.64) per share. KeyCorp also issued estimates for MongoDB’s Q1 2025 earnings at ($0.44) EPS, Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at ($0.42) EPS, FY2025 earnings at ($1.32) EPS and FY2026 earnings at ($0.76) EPS.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.45. The company had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm earned ($1.23) EPS.
Several other research analysts have also weighed in on MDB. Mizuho lifted their price objective on shares of MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. Tigress Financial lifted their price objective on shares of MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Barclays lifted their price objective on shares of MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. Needham & Company LLC lifted their price objective on shares of MongoDB from $445.00 to $495.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada lifted their price objective on shares of MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $430.41.
Check Out Our Latest Report on MDB
MongoDB Stock Performance
MongoDB stock opened at $362.41 on Friday. The company’s 50 day simple moving average is $391.77 and its 200 day simple moving average is $380.92. MongoDB has a fifty-two week low of $164.59 and a fifty-two week high of $442.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74.
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $345.21, for a total value of $345,210.00. Following the transaction, the director now directly owns 533,896 shares in the company, valued at $184,306,238.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,195,159 shares of the company’s stock, valued at $436,233,035. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $345.21, for a total transaction of $345,210.00. Following the completion of the sale, the director now directly owns 533,896 shares of the company’s stock, valued at approximately $184,306,238.16. The disclosure for this sale can be found here. Insiders have sold a total of 149,029 shares of company stock worth $57,034,511 over the last ninety days. Insiders own 4.80% of the company’s stock.
Institutional Investors Weigh In On MongoDB
Several institutional investors and hedge funds have recently bought and sold shares of MDB. Raymond James & Associates lifted its position in MongoDB by 32.0% during the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after purchasing an additional 1,192 shares during the period. PNC Financial Services Group Inc. lifted its position in MongoDB by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the period. MetLife Investment Management LLC bought a new stake in MongoDB during the first quarter worth about $1,823,000. Panagora Asset Management Inc. lifted its position in MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after purchasing an additional 176 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in MongoDB by 100.3% during the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,439 shares during the period. Institutional investors own 88.89% of the company’s stock.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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