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MongoDB (NASDAQ:MDB – Get Free Report) was upgraded by research analysts at DA Davidson from a “hold” rating to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports. DA Davidson also issued estimates for MongoDB’s Q2 2025 earnings at ($0.73) EPS.
A number of other equities analysts also recently issued reports on the company. Truist Financial dropped their price target on MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday. Needham & Company LLC dropped their price target on MongoDB from $465.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday. Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Loop Capital lowered their target price on MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Robert W. Baird lowered their target price on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $374.29.
View Our Latest Analysis on MDB
MongoDB Stock Down 23.9 %
Shares of MongoDB stock traded down $73.94 on Friday, reaching $236.06. The company’s stock had a trading volume of 10,987,897 shares, compared to its average volume of 1,105,161. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of -84.01 and a beta of 1.19. The firm’s fifty day simple moving average is $353.32 and its two-hundred day simple moving average is $390.77. MongoDB has a 52 week low of $225.25 and a 52 week high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. Equities analysts anticipate that MongoDB will post -2.53 earnings per share for the current year.
Insider Activity
In other news, CEO Dev Ittycheria sold 17,160 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $5,973,567.60. Following the completion of the sale, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the transaction, the chief executive officer now owns 226,073 shares in the company, valued at approximately $78,698,272.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the transaction, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock valued at $16,514,071 in the last ninety days. Insiders own 3.60% of the company’s stock.
Institutional Trading of MongoDB
Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC increased its holdings in MongoDB by 106.9% during the 1st quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after purchasing an additional 805 shares during the period. Cetera Investment Advisers increased its holdings in MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock worth $3,899,000 after purchasing an additional 8,330 shares during the period. Atria Investments Inc increased its holdings in MongoDB by 1.2% during the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after purchasing an additional 39 shares during the period. Swedbank AB purchased a new position in MongoDB during the 1st quarter worth $91,915,000. Finally, LRI Investments LLC purchased a new position in MongoDB during the 1st quarter worth $106,000. Institutional investors 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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