MongoDB (NASDAQ:MDB) Director Sells $400,000.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Archana Agrawal sold 1,000 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the sale, the director owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. The trade was a 18.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Up 2.9%

MDB traded up $10.20 during trading on Thursday, reaching $366.49. The company’s stock had a trading volume of 1,282,853 shares, compared to its average volume of 2,021,545. The company has a market cap of $29.52 billion, a price-to-earnings ratio of 516.18, a PEG ratio of 40.08 and a beta of 1.74. The firm has a fifty day simple moving average of $395.72 and a two-hundred day simple moving average of $339.73. MongoDB, Inc. has a 1 year low of $215.68 and a 1 year high of $473.10.

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

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Fred Alger Management LLC increased its position in MongoDB by 7.3% in the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after acquiring an additional 38,225 shares during the period. Bank of America Corp DE raised its stake in MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after acquiring an additional 1,852 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in MongoDB by 55.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after acquiring an additional 195,250 shares during the period. Employees Provident Fund Board acquired a new stake in MongoDB during the 4th quarter worth approximately $203,365,000. Finally, Polar Capital Holdings Plc lifted its position in MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock worth $180,973,000 after acquiring an additional 379,289 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on MDB shares. Scotiabank reaffirmed a “sector outperform” rating and issued a $450.00 target price (up from $440.00) on shares of MongoDB in a research note on Thursday, October 8th. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Citizens Jmp reaffirmed a “market outperform” rating and set a $519.00 target price on shares of MongoDB in a research note on Wednesday, September 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $540.00 price objective on shares of MongoDB in a research note on Friday, October 2nd. Finally, Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $462.91.

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.