MongoDB, Inc. (NASDAQ:MDB – Get Free Report) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $387.09 and traded as high as $389.88. MongoDB shares last traded at $389.11, with a volume of 1,065,678 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have commented on MDB shares. DA Davidson reduced their price objective on shares of MongoDB from $465.00 to $415.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. William Blair reiterated an “outperform” rating on shares of MongoDB in a research note on Monday, September 28th. Mizuho set a $460.00 price target on shares of MongoDB in a report on Tuesday, September 29th. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $540.00 target price on shares of MongoDB in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $461.91.
Get Our Latest Stock Report on MongoDB
MongoDB Price Performance
The company’s fifty day simple moving average is $385.28 and its two-hundred day simple moving average is $339.50. The stock has a market cap of $31.70 billion, a price-to-earnings ratio of 554.14, a P/E/G ratio of 35.93 and a beta of 1.74.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the prior year, the company earned $1.00 EPS. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, analysts forecast that MongoDB, Inc. will post 0.47 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In other news, Director Hope Cochran sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the sale, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This represents a 3.41% decrease in their position. The transaction was disclosed in a filing 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 Archana Agrawal sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the transaction, the director directly owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. This trade represents a 18.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 32,595 shares of company stock worth $13,465,211. Corporate insiders own 2.60% of the company’s stock.
Institutional Trading of MongoDB
Several large investors have recently added to or reduced their stakes in MDB. Evergreen Capital Management LLC raised its stake in shares of MongoDB by 3.2% in the third quarter. Evergreen Capital Management LLC now owns 1,001 shares of the company’s stock worth $349,000 after buying an additional 31 shares during the period. Moody National Bank Trust Division grew its stake in shares of MongoDB by 3.1% during the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock valued at $377,000 after acquiring an additional 34 shares during the period. Basecamp Wealth Advisors LLC increased its holdings in MongoDB by 14.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after acquiring an additional 36 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in MongoDB by 27.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock worth $60,000 after acquiring an additional 38 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in MongoDB by 4.9% during the 3rd quarter. Brookstone Capital Management now owns 836 shares of the company’s stock worth $291,000 after acquiring an additional 39 shares during the period. 89.29% of the stock is currently owned by institutional investors.
About MongoDB
MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.
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 run databases in their own data centers or in hybrid environments.
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