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MongoDB, Inc. (NASDAQ:MDB – Free Report) – Equities researchers at William Blair raised their FY2024 EPS estimates for shares of MongoDB in a research note issued to investors on Wednesday, December 6th. William Blair analyst J. Ader now forecasts that the company will earn ($1.72) per share for the year, up from their prior forecast of ($2.26). The consensus estimate for MongoDB’s current full-year earnings is ($1.64) per share. William Blair also issued estimates for MongoDB’s FY2025 earnings at ($2.59) EPS.
Several other research analysts have also weighed in on MDB. Stifel Nicolaus reiterated a “buy” rating and issued a $450.00 price objective on shares of MongoDB in a research note on Monday, December 4th. Guggenheim increased their price objective on shares of MongoDB from $220.00 to $250.00 and gave the company a “sell” rating in a research note on Friday, September 1st. Truist Financial restated a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a research report on Monday, November 13th. Scotiabank initiated coverage on shares of MongoDB in a research report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 price target for the company. Finally, JMP Securities boosted their price objective on shares of MongoDB from $425.00 to $440.00 and gave the company a “market outperform” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $432.44.
View Our Latest Report on MongoDB
MongoDB Stock Up 3.6 %
MDB stock opened at $395.39 on Monday. MongoDB has a 12 month low of $164.59 and a 12 month high of $442.84. The firm has a market cap of $28.21 billion, a PE ratio of -149.77 and a beta of 1.19. The firm has a 50 day simple moving average of $372.20 and a 200 day simple moving average of $374.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.48.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The firm had revenue of $432.94 million during 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 21.68%. MongoDB’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.23) EPS.
Institutional Investors Weigh In On MongoDB
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC purchased a new stake in MongoDB during the 2nd quarter worth about $26,000. KB Financial Partners LLC acquired a new stake in shares of MongoDB in the 2nd quarter worth approximately $27,000. Capital Advisors Ltd. LLC grew its holdings in shares of MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after acquiring an additional 38 shares during the period. Bessemer Group Inc. purchased a new stake in MongoDB in the 4th quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC lifted its stake in MongoDB by 346.7% in the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
Insider Buying and Selling at MongoDB
In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Hope F. Cochran sold 2,174 shares of MongoDB 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 transaction, the director now owns 9,722 shares in the company, valued at $3,512,655.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB 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 owns 101,509 shares in the company, valued at approximately $37,641,567.38. The disclosure for this sale can be found here. Insiders sold a total of 305,511 shares of company stock valued at $108,766,329 in the last ninety days. Corporate 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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