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MongoDB, Inc. (NASDAQ:MDB – Free Report) – Equities researchers at KeyCorp upped their Q4 2024 earnings per share estimates for shares of MongoDB in a research note issued on Wednesday, December 6th. KeyCorp analyst M. Turits now expects that the company will earn ($0.68) per share for the quarter, up from their prior forecast of ($0.72). KeyCorp has a “Overweight” rating and a $440.00 price objective on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($2.17) 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.
Several other analysts have also issued reports on the company. Barclays increased their target price on MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Canaccord Genuity Group increased their target price on MongoDB from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. Guggenheim increased their target price on MongoDB from $220.00 to $250.00 and gave the stock a “sell” rating in a report on Friday, September 1st. Piper Sandler increased their target price on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Finally, JMP Securities lifted their target price on MongoDB from $425.00 to $440.00 and gave the company a “market outperform” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $432.44.
Check Out Our Latest Research Report on MDB
MongoDB Stock Performance
Shares of NASDAQ MDB opened at $381.79 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.48. The stock’s fifty day moving average price is $371.27 and its two-hundred day moving average price is $373.82. MongoDB has a one year low of $164.59 and a one year high of $442.84. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of -144.62 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative return on equity of 21.68% and a negative net margin of 11.70%. The firm had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. During the same period in the prior year, the firm posted ($1.23) EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis.
Institutional Investors Weigh In On MongoDB
Several hedge funds and other institutional investors have recently modified their holdings of the company. Simplicity Solutions LLC increased its holdings in shares of MongoDB by 2.2% during the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after acquiring an additional 25 shares in the last quarter. AJ Wealth Strategies LLC grew its holdings in MongoDB by 1.2% during the second quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock worth $982,000 after buying an additional 28 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in MongoDB by 2.9% during the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after buying an additional 30 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in MongoDB by 1.4% during the second quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock worth $920,000 after buying an additional 32 shares in the last quarter. Finally, Veritable L.P. grew its holdings in MongoDB by 1.4% during the second quarter. Veritable L.P. now owns 2,321 shares of the company’s stock worth $954,000 after buying an additional 33 shares in the last quarter. Institutional investors own 88.89% of the company’s stock.
Insider Buying and Selling at MongoDB
In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $370.82, for a total value of $1,854,100.00. Following the transaction, the chief financial officer now directly owns 101,509 shares of the company’s stock, valued at $37,641,567.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $361.31, for a total transaction of $785,487.94. Following the completion of the sale, the director now owns 9,722 shares in the company, valued at $3,512,655.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $370.82, for a total value of $1,854,100.00. Following the sale, the chief financial officer now owns 101,509 shares of the company’s stock, valued at approximately $37,641,567.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,511 shares of company stock valued at $108,766,329. 4.80% of the stock is currently owned by company insiders.
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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