MongoDB (NASDAQ:MDB) Director Sells 595 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Charles Hazard, Jr. sold 595 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $363.85, for a total value of $216,490.75. Following the transaction, the director directly owned 45,237 shares in the company, valued at approximately $16,459,482.45. The trade was a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Up 2.3%

MongoDB stock traded up $8.32 during midday trading on Thursday, reaching $371.35. 1,839,224 shares of the stock traded hands, compared to its average volume of 2,028,881. The company has a 50-day simple moving average of $393.92 and a two-hundred day simple moving average of $335.56. MongoDB, Inc. has a 12-month low of $215.68 and a 12-month high of $473.10. The firm has a market cap of $29.92 billion, a PE ratio of 523.03, a price-to-earnings-growth ratio of 38.75 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.MongoDB’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities research analysts anticipate that MongoDB, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MDB. Citizens Jmp reiterated a “market outperform” rating and set a $519.00 target price on shares of MongoDB in a report on Wednesday, September 30th. UBS Group dropped their price target on shares of MongoDB from $410.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Sanford C. Bernstein increased their price objective on MongoDB from $449.00 to $484.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Stephens decreased their target price on MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Finally, Weiss Ratings raised MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $462.91.

Institutional Investors Weigh In On MongoDB

Large investors have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of MongoDB in the 1st quarter valued at $34,000. Smallwood Wealth Investment Management LLC purchased a new position in MongoDB in the second quarter valued at $34,000. NBH Bank purchased a new position in MongoDB in the second quarter valued at $34,000. CX Institutional raised its stake in MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in MongoDB by 27.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock worth $60,000 after buying an additional 38 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

About MongoDB

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.