MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight Merriman sold 10,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $348.92, for a total transaction of $3,489,200.00. Following the sale, the director directly owned 942,953 shares of the company’s stock, valued at approximately $329,015,160.76. This represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Trading Down 2.1%
MDB traded down $6.99 on Wednesday, hitting $328.38. 1,501,879 shares of the company’s stock were exchanged, compared to its average volume of 1,991,840. The stock has a fifty day moving average of $379.47 and a two-hundred day moving average of $338.40. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The firm has a market cap of $26.45 billion, a PE ratio of 462.51, a P/E/G ratio of 30.08 and a beta of 1.74.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. 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 predict that MongoDB, Inc. will post 0.50 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on MDB shares. Sanford C. Bernstein increased their price objective on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. DA Davidson reduced their price target on MongoDB from $465.00 to $415.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Stifel Nicolaus decreased their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Rosenblatt Securities lifted their price objective on shares of MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, UBS Group reduced their price objective on shares of MongoDB from $410.00 to $375.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $461.91.
Check Out Our Latest Stock Analysis on MDB
Institutional Trading of MongoDB
A number of hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of MongoDB by 5,333.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 8,150 shares of the company’s stock valued at $2,841,000 after purchasing an additional 8,000 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in MongoDB by 48.7% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after purchasing an additional 6,819 shares during the period. National Pension Service grew its stake in shares of MongoDB by 10.7% in the second quarter. National Pension Service now owns 153,687 shares of the company’s stock worth $51,623,000 after acquiring an additional 14,866 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of MongoDB by 19.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock worth $43,022,000 after purchasing an additional 21,273 shares during the period. Finally, Daventry Group LP raised its holdings in MongoDB by 21.3% in the 1st quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after acquiring an additional 14,412 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.
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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