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MongoDB, Inc. (NASDAQ:MDB – Free Report) – Stock analysts at DA Davidson issued their FY2024 earnings per share estimates for MongoDB in a report released on Friday, January 26th. DA Davidson analyst R. Kessinger forecasts that the company will earn ($1.58) per share for the year. DA Davidson currently has a “Neutral” rating and a $405.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.63) per share. DA Davidson also issued estimates for MongoDB’s Q4 2024 earnings at ($0.71) EPS.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.45. The business had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.23) earnings per share.
A number of other equities research analysts also recently weighed in on the company. Piper Sandler upped their target price on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. Tigress Financial increased their price objective on MongoDB from $490.00 to $495.00 and gave the company a “buy” rating in a research report on Friday, October 6th. Truist Financial reiterated a “buy” rating and set a $430.00 price objective on shares of MongoDB in a research report on Monday, November 13th. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $495.00 target price on shares of MongoDB in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $429.50.
Get Our Latest Analysis on MDB
MongoDB Stock Performance
MDB opened at $395.29 on Monday. The company has a market capitalization of $28.53 billion, a price-to-earnings ratio of -149.73 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB has a 1-year low of $189.59 and a 1-year high of $442.84. The business has a 50 day moving average price of $402.37 and a two-hundred day moving average price of $380.86.
Institutional Trading of MongoDB
Several large investors have recently made changes to their positions in MDB. Raymond James & Associates grew its holdings in shares of 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 last quarter. PNC Financial Services Group Inc. lifted its stake in shares of MongoDB by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after acquiring an additional 206 shares during the period. MetLife Investment Management LLC acquired a new position in shares of MongoDB during the first quarter valued at $1,823,000. Panagora Asset Management Inc. lifted its stake in shares of MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after acquiring an additional 176 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of MongoDB by 100.3% during the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after acquiring an additional 1,439 shares during the period. Institutional investors own 88.89% of the company’s stock.
Insider Activity
In other news, CEO Dev Ittycheria sold 100,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the sale, the chief executive officer now directly owns 214,177 shares in the company, valued at $80,316,375. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other MongoDB news, CEO Dev Ittycheria sold 100,500 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total value of $37,687,500.00. Following the sale, the chief executive officer now directly owns 214,177 shares in the company, valued at $80,316,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the sale, the chief accounting officer now owns 16,313 shares in the company, valued at $6,596,650.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,277 shares of company stock worth $57,223,711. Company insiders own 4.80% of the company’s stock.
MongoDB Company Profile
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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