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Sanders Morris Harris LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,000 shares of the company’s stock, valued at approximately $2,794,000.
A number of other large investors have also made changes to their positions in MDB. Jennison Associates LLC lifted its stake in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Geode Capital Management LLC lifted its stake in MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in MongoDB by 1.5% during the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after purchasing an additional 7,526 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares in the last quarter. Finally, Holocene Advisors LP lifted its stake in MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after purchasing an additional 66,730 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently issued reports on MDB shares. Loop Capital increased their price objective on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Monday, January 6th. Scotiabank raised their price target on MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research note on Wednesday, December 11th. Finally, Morgan Stanley raised their price target on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $364.64.
Insider Transactions at MongoDB
In related news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares in the company, valued at approximately $21,510,229.95. This trade represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,821 shares of company stock worth $6,831,215 over the last quarter. 3.60% of the stock is currently owned by insiders.
MongoDB Stock Up 2.0 %
Shares of MDB traded up $4.85 on Thursday, reaching $247.76. The stock had a trading volume of 133,510 shares, compared to its average volume of 1,390,862. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The firm has a market capitalization of $18.45 billion, a PE ratio of -90.42 and a beta of 1.25. The firm has a 50-day moving average of $279.90 and a 200 day moving average of $269.32.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter last year, the business earned $0.96 earnings per share. MongoDB’s revenue was up 22.3% compared to the same quarter last year. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.79 earnings per share for the current fiscal year.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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.
Further Reading
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
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Growing your personal brand can improve your credibility, give you greater impact, and lead to better opportunities, Pablo Fredrikson said at QCon San Francisco. As a staff plus engineer, helping others solve problems creates value for the company. His advice is to find out what you are passionate about, learn more about it, get better at it, and share it, to build your personal brand over time.
A personal brand is the impression or perception of an individual, as Fredrikson explained:
Your personal brand is a culmination of the experiences, skills, and values that differentiate you.
Whether you like it or not, you already have a personal brand, even if you try not to, Fredrikson mentioned.
Software developers should care about their personal brand because it is part of “selling” themselves to peers and superiors, Fredrikson said. It can be a way to get access to better projects, a promotion, or even a career change, he added.
By improving your personal brand, you’ll also improve your credibility. With that influence, you can inspire others and add significant value to the company, Fredrikson mentioned. For principal engineers, this impact extends far beyond their immediate team, as Fredrikson explained:
A strong personal brand enables you to shape decisions and strategies at the organizational level, driving company-wide improvements, and fostering a culture of excellence.
As IT professionals, we’re constantly learning as part of our job, Fredrikson said. It’s an incredible advantage—we’re paid to grow our skills and knowledge, he added. If we take full advantage of this, we can not only elevate our careers but also inspire and help others along the way, he explained:
In order to build my brand I needed to be better at my job, so I learned a lot of new technologies and techniques that I needed to expose my knowledge.
To improve your brand, Fredrikson suggested finding what you are passionate about. Keep talking about it, get better at it, and share it, he advised:
Maybe it’s dinosaurs, maybe it’s clean code or maybe it is leading productive teams. There is something you can’t shut up about, so don’t!
Fredrikson mentioned that at the end of the day, you just need to become a better person. Customers don’t care if you use X or Y technology, they just want to use your software, he said. So if you care about them, and you build a good team, you’ll make a good product and your customers will be happy, he concluded.
InfoQ interviewed Pablo Fredrikson about building his personal brand.
InfoQ: What benefits did you get from building your brand?
Pablo Fredrikson: Let me give an example. During a project about cutting down costs in our infrastructure, I learned about Karpenter, an open source tool that automatically selects the best machines for your Kubernetes cluster. The tool helped us to save money and also I made a video about it on my YouTube channel.
Once I got that, I was able to get exposure and that definitely helped me to get more interviews and opportunities. I was also able to give this talk at Qcon because of my brand!
InfoQ: What worked and what didn’t work in elevating your brand?
Fredrikson: You definitely need to be open to pivoting. At first, I started creating more “vloggy” videos, like recording an adventure of going to get ice cream—things like that. It didn’t work at all. I didn’t have an audience, and no one cared about my personal stories.
So, I pivoted. I realized I was already learning and growing every day through my work, and the roles I aspired to required teaching and sharing experiences. I decided to align my content with that goal. I faked it until I made it—I learned, helped people at my job, and then used that knowledge to help others outside of it. In essence, I got paid to learn, and I turned that into an opportunity to grow my brand.
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Toyota Connected North America (TCNA), an independent Toyota company, has told Just Auto it says it is achieving major data efficiencies through a migration to data platforms provided by partner MongoDB Atlas.
TCNA is focused on developing software engineering, machine learning, data science and the use of AI within the automotive space.
The company has recently migrated to MongoDB Atlas, an integrated suite of data services centred around a cloud database designed to accelerate and simplify how users build with data, which connects users to emergency services.
Kevin O’Dell, director of engineering, Drivelink Telematics Services Platform, Toyota Connected North America, told Just Auto that since migrating to MongoDB Atlas, Toyota Connected has increased efficiencies in everything from its infrastructure to its call centre.
“For one, MongoDB offers increased reliability, which has led to 99% availability, ensuring near-continuous uptime for critical services like Safety Connect,” he said.
“This allows for data to be processed quickly, with agents processing and delivering all the data in just three seconds, enabling them to provide rapid responses to customers in life-and-death situations.
“Additionally, MongoDB’s platform is self-explanatory, making it easier for developers to create and manage databases, collections, and services without needing a dedicated team, simplifying workflows and promoting innovation.”
“Toyota Connected hails efficiencies from migration of data services to MongoDB Atlas” was originally created and published by Just Auto, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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In October 2024, three senior government digital leaders made their way to Amazon’s London HQ for a panel discussion on “rewiring Whitehall” organised by the Department for Work and Pensions’ digital team.
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Welcome to this special edition of The InfoQ eMag, which contains a comprehensive collection of our popular InfoQ Trends Reports from 2024. Our reports have delved into the latest advancements, challenges, and future directions. We have aimed to provide insight into cell-based architectures, working within socio-technical systems, large and small language models (LLMs and SLMs), and the state-of-the-art within the Java ecosystem.
This collection does not just reflect the past year’s technological trends. We aspire to use it as a guide for future exploration and innovation. Each report serves as a lens through which we view the world of software development and delivery. Whether you’re a developer, architect, technology leader, or enthusiast, these reports offer valuable perspectives to help you plan your future roadmaps and explore emerging technologies and practices.
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Zepto, the quick commerce giant, leverages MongoDB Atlas to overcome significant scalability challenges. “Behind Zepto’s 10-minute delivery promise is a database built for speed!” said Sachin Chawla, VP for India & South Asia at MongoDB, in a recent social media post.
By shifting from a monolithic architecture with relational databases to MongoDB’s NoSQL platform, Zepto reduced latency for its critical APIs by 40%. This change also boosted its ability to handle six times more traffic, improving both operational efficiency and the overall customer experience.
The Challenge: Scaling Quick Commerce
Founded in 2021, Zepto revolutionised the Indian grocery delivery industry with its promise of 10-minute deliveries. However, as Zepto expanded—achieving $1.5 billion in annualised sales by mid-2024—its legacy infrastructure struggled to keep pace.
Performance bottlenecks, high latency, and an inability to deliver real-time analytics hindered growth and operational efficiency.
A few months ago, during a presentation at MongoDB.local, Mayank Agarwal, senior architect at Zepto, explained: “We had a big monolith, and all the components were powered by PostgreSQL and a few Redis clusters. As our business grew, we faced many performance issues and restrictions on the velocity at which we wanted to operate.”
Zepto’s reliance on Redis clusters for caching also became a bottleneck as the business scaled. Kshitij Singh, technical lead at Zepto, noted, “We had a pretty huge Redis setup which we wanted to get rid of, as we were not able to scale it further. MongoDB’s in-memory caching solved this problem for us.”
Why MongoDB Atlas?
Zepto sought to break its monolithic architecture into microservices and migrate to a NoSQL database to address its issues. After evaluating multiple databases, MongoDB stood out due to its ability to handle nested document structures and array-based queries effectively.
“The queries were very performant, given the required indexes we had created, and that gave us confidence,” said Agarwal. “The biggest motivating factor was when we saw that MongoDB provides in-memory caching, which could address the huge Redis cluster that we couldn’t scale further.”
MongoDB’s Atlas platform also offered features such as real-time data archival and analytical nodes, enabling Zepto to separate customer-facing workloads from internal queries. Singh highlighted: “This ensured that customer performance wasn’t compromised.”
Results: Faster, Scalable, and Reliable
Zepto’s migration to MongoDB Atlas resulted in improved efficiency at an overall operational level. The company witnessed a huge reduction in latency, thereby significantly improving the response times of critical APIs and enhancing the customer experience.
Additionally, the infrastructure scaled to handle 6x more traffic, ensuring no performance degradation.
The migration to MongoDB also led to a 14% improvement in page load times, contributing to higher conversion rates and increased sales. MongoDB’s support for analytical nodes enabled Zepto to maintain consistent performance, ensuring effective real-time analytics across the platform.
The shift also streamlined Zepto’s ETL pipelines and archival processes, reducing management overhead and enabling faster deployment of new features.
“Post the migration, we observed a latency reduction of up to 40% for key APIs and handled throughput spikes, such as during campaigns, by enabling data compression and other optimisations. This has made our infrastructure more robust and scalable,” Singh said.
Scaling New Heights with AWS
Zepto’s success story is also powered by its strong partnership with AWS.
“We started Zepto about three years ago with just one dark store in Mumbai. Today, we’ve grown to over 200 dark stores and annualised sales north of INR 10,000 crore,” said Kaivalya Vohra, co-founder of Zepto. “From day one, we were clear that AWS was the way to go.”
AWS’ managed services and support allowed Zepto to launch new features rapidly while optimising costs. “AWS helped us achieve a quick MVP with credits from the AWS Activate program. As we scaled, the collaboration with AWS architects enabled us to come up with solutions no one had tried before,” noted Singh.
Zepto leverages AWS across the entire customer journey, from enhancing product discovery to streamlining last-mile logistics. Generative AI solutions on AWS have also enabled faster resolution times and improved customer satisfaction.
“AWS has been instrumental in helping us scale quickly while optimising costs. Its enterprise support and sponsorship for POCs have been invaluable,” Singh added.
The Pricing Dilemma
Zepto is currently under fire for differential pricing algorithms on Android and iPhones. Several customers have expressed their frustration on social media platforms, speculating the possible reasons behind the stark difference in prices.
Some believe the pricing is influenced by demographic and user device data, which could potentially favour Android users. The company has yet to officially comment on this issue.
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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 1,045 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the transaction, the director now owns 85,652 shares in the company, valued at $20,785,170.84. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
MongoDB Trading Up 0.2 %
Shares of NASDAQ:MDB traded up $0.50 during trading on Wednesday, reaching $242.91. 1,057,983 shares of the stock were exchanged, compared to its average volume of 1,524,993. The firm has a market cap of $18.09 billion, a PE ratio of -88.65 and a beta of 1.25. The stock has a 50-day moving average price of $280.67 and a 200-day moving average price of $269.51. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, sell-side analysts expect that MongoDB, Inc. will post -1.86 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. DA Davidson raised their price target on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. KeyCorp raised their price target on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Truist Financial reiterated a “buy” rating and set a $400.00 target price (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Finally, Loop Capital lifted their target price on MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $364.64.
View Our Latest Stock Report on MDB
Institutional Investors Weigh In On MongoDB
Several hedge funds have recently modified their holdings of MDB. Sanders Morris Harris LLC bought a new position in shares of MongoDB in the 4th quarter worth about $2,794,000. Covea Finance acquired a new stake in shares of MongoDB in the 4th quarter valued at about $3,841,000. Park Avenue Securities LLC grew its stake in shares of MongoDB by 24.3% in the 4th quarter. Park Avenue Securities LLC now owns 1,723 shares of the company’s stock valued at $401,000 after buying an additional 337 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares during the period. Finally, Tealwood Asset Management Inc. acquired a new position in MongoDB during the 4th quarter valued at about $243,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
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Following this transaction, Merriman holds 85,652 shares indirectly through the Dwight A. Merriman Charitable Foundation, while directly owning 1,117,006 shares. An additional 520,896 shares are held indirectly by The Dwight A. Merriman 2012 Trust for the benefit of his children. The sale was executed under a pre-established Rule 10b5-1 trading plan. InvestingPro data shows MongoDB holds more cash than debt on its balance sheet, with 24 analysts maintaining positive earnings revisions. Get access to 8 more exclusive ProTips and comprehensive analysis through the MongoDB Pro Research Report.
In other recent news, MongoDB has seen a flurry of activity from analysts and investors alike. Guggenheim upgraded MongoDB shares from Neutral to Buy, setting a price target of $300. This upgrade is based on a discounted cash flow analysis and suggests a potential upside of 22%. Guggenheim predicts MongoDB’s total revenue growth for FY26 to mirror the conservative 15% growth rate set in the past two years, potentially performing better than FY24 rather than FY25.
In a significant financial move, MongoDB issued shares and redeemed convertible notes, allowing note holders to convert their debt holdings into equity in the company. MongoDB issued 5,662,979 shares of its common stock in this transaction. This strategic move aligns with MongoDB’s financial strategies and reflects its commitment to efficient capital structure management.
Several analysts have provided varied perspectives on MongoDB’s future performance. Tigress Financial Partners maintained a Buy rating, raising its price target to $430.00. Monness, Crespi, Hardt downgraded MongoDB’s shares to Sell, citing a slowdown in growth for MongoDB Atlas (NYSE:ATCO) and the recent resignation of the CFO. Macquarie initiated coverage on MongoDB with a Neutral rating and a price target of $300, acknowledging the company’s appeal among developers, particularly for AI applications.
In Q3 2025, MongoDB reported a 22% year-over-year increase in revenue, reaching $529.4 million. This growth was consistent across its subscription revenue, which also rose by 22% to $512.2 million, and its services revenue, which saw an 18% increase to $17.2 million. These recent developments provide a snapshot of MongoDB’s current financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Harbor Capital Advisors Inc. decreased its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 63.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,301 shares of the company’s stock after selling 2,226 shares during the period. Harbor Capital Advisors Inc.’s holdings in MongoDB were worth $303,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Aigen Investment Management LP acquired a new position in shares of MongoDB in the third quarter valued at approximately $1,045,000. Geode Capital Management LLC boosted its stake in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MongoDB during the 3rd quarter worth about $4,366,000. Charles Schwab Investment Management Inc. raised its stake in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after purchasing an additional 7,575 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of MongoDB in the second quarter valued at about $1,860,000. Institutional investors own 89.29% of the company’s stock.
Analyst Ratings Changes
MDB has been the subject of a number of research reports. Tigress Financial increased their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Truist Financial reiterated a “buy” rating and issued a $400.00 price objective (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Robert W. Baird increased their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $364.64.
Check Out Our Latest Report on MDB
MongoDB Trading Up 0.9 %
MongoDB stock opened at $242.41 on Wednesday. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of -88.47 and a beta of 1.25. The stock’s 50 day moving average is $280.67 and its 200-day moving average is $269.51. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the prior year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities research analysts predict that MongoDB, Inc. will post -1.86 earnings per share for the current fiscal year.
Insider Buying and Selling
In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $237.73, for a total transaction of $713,190.00. Following the transaction, the director now owns 1,117,006 shares in the company, valued at $265,545,836.38. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,776 shares of company stock valued at $6,577,625. 3.60% of the stock is owned by company insiders.
MongoDB Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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