Hope Cochran Sells 1,000 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director owned 27,010 shares of the company’s stock, valued at approximately $9,453,500. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Down 7.6%

Shares of NASDAQ:MDB opened at $368.32 on Thursday. The business has a fifty day moving average of $280.76 and a two-hundred day moving average of $334.04. The stock has a market cap of $29.60 billion, a P/E ratio of -995.46 and a beta of 1.57. MongoDB, Inc. has a 52-week low of $193.87 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities analysts anticipate that MongoDB, Inc. will post -0.42 earnings per share for the current year.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB’s recent earnings and guidance remain a key bullish backdrop, with the company beating expectations and showing 25%+ revenue growth, which continues to support the long-term growth story. MongoDB Is the Latest SaaS Apocalypse Victim to Say “Not Today”
• Positive Sentiment: UBS raised its price target on MongoDB, reinforcing the bullish analyst response to the earnings report and helping explain the recent surge in the stock. MongoDB (MDB) Soars 20.4% as UBS Raises PT by Double-Digits
• Positive Sentiment: Scotiabank lifted its FY2027 EPS estimate, signaling improving profit expectations and suggesting analysts see more earnings leverage ahead. Scotiabank estimate update
• Positive Sentiment: MongoDB’s conference appearances kept investor attention on the company’s AI and growth narrative, which can support sentiment after a big earnings move. MongoDB, Inc. (MDB) Presents at 46th Annual William Blair Growth Stock Conference Transcript

Wall Street Analyst Weigh In

Several brokerages have issued reports on MDB. Bank of America upped their target price on MongoDB from $375.00 to $390.00 and gave the company a “buy” rating in a report on Friday, May 29th. Piper Sandler upped their target price on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, UBS Group upped their price target on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $394.45.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently bought and sold shares of the company. Cramer Rosenthal Mcglynn LLC lifted its stake in MongoDB by 897.7% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after acquiring an additional 52,002 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in MongoDB by 1,277.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock worth $5,655,000 after acquiring an additional 16,896 shares in the last quarter. Penserra Capital Management LLC lifted its stake in MongoDB by 42.1% during the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after acquiring an additional 39,978 shares in the last quarter. Kinetic Partners Management LP raised its position in MongoDB by 27.2% in the 3rd quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after purchasing an additional 41,810 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after purchasing an additional 189,820 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.