MongoDB, Inc. (NASDAQ:MDB – Free Report) – Investment analysts at Scotiabank boosted their FY2027 EPS estimates for MongoDB in a report issued on Thursday, September 10th. Scotiabank analyst P. Colville now anticipates that the company will earn $0.42 per share for the year, up from their previous estimate of ($0.03). Scotiabank currently has a “Sector Outperform” rating and a $440.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is $0.48 per share.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping 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 company had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same quarter last year, the business posted $1.00 earnings per share. The firm’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.
View Our Latest Stock Analysis on MDB
MongoDB Stock Up 5.5%
Shares of NASDAQ MDB opened at $382.29 on Tuesday. The stock’s 50-day simple moving average is $376.27 and its two-hundred day simple moving average is $323.68. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10. The firm has a market capitalization of $30.80 billion, a P/E ratio of 538.44, a P/E/G ratio of 38.53 and a beta of 1.58.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in shares of MongoDB by 32,986.4% during the second quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock valued at $13,277,581,000 after buying an additional 39,408,906 shares during the period. Geode Capital Management LLC lifted its stake in MongoDB by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after acquiring an additional 9,693 shares during the period. Norges Bank purchased a new stake in MongoDB in the fourth quarter worth $574,821,000. Arrowstreet Capital Limited Partnership boosted its holdings in MongoDB by 21.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after acquiring an additional 239,338 shares in the last quarter. Finally, Capital World Investors boosted its holdings in MongoDB by 129.1% in the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after acquiring an additional 552,434 shares in the last quarter. 89.29% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director owned 29,326 shares in the company, valued at $10,264,100. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the completion of the sale, the director directly owned 452,896 shares of the company’s stock, valued at $204,595,768. This represents a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 19,696 shares of company stock valued at $8,682,885 in the last ninety days. 2.60% of the stock is owned by corporate insiders.
About MongoDB
MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.
The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.
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