MongoDB (NASDAQ:MDB) Director Charles Hazard, Jr. Sells 595 Shares of Company Stock

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Charles Hazard, Jr. sold 595 shares of MongoDB stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $363.85, for a total transaction of $216,490.75. Following the completion of the transaction, the director owned 45,237 shares of the company’s stock, valued at $16,459,482.45. This represents a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Up 2.3%

Shares of NASDAQ MDB opened at $371.35 on Friday. MongoDB, Inc. has a 52-week low of $215.68 and a 52-week high of $473.10. The stock has a market cap of $29.91 billion, a PE ratio of 523.03, a price-to-earnings-growth ratio of 39.00 and a beta of 1.74. The business has a 50-day moving average price of $394.82 and a 200 day moving average price of $336.34.

Get MongoDB alerts:

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results 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. The business 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%.The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts anticipate that MongoDB, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their target price on shares of MongoDB from $400.00 to $480.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Mizuho set a $460.00 target price on MongoDB in a research note on Tuesday, September 29th. Barclays raised their price target on MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group upped their price objective on shares of MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Citigroup reissued a “market outperform” rating on shares of MongoDB in a research report on Monday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.91.

Check Out Our Latest Research Report on MDB

Institutional Trading of MongoDB

A number of institutional investors have recently modified their holdings of MDB. Arrowstreet Capital Limited Partnership lifted its position in MongoDB by 21.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock worth $560,872,000 after acquiring an additional 239,338 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of MongoDB by 7.3% during the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock worth $235,704,000 after purchasing an additional 38,225 shares in the last quarter. Employees Provident Fund Board purchased a new position in shares of MongoDB in the fourth quarter valued at $203,365,000. Polar Capital Holdings Plc grew its holdings in MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after purchasing an additional 379,289 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in MongoDB by 14.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 428,495 shares of the company’s stock worth $179,835,000 after buying an additional 52,776 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

About MongoDB

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than MongoDB
• Want Private-Market Access to Kalshi and Polymarket? Try This ETF
• Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds
• PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
• Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push

Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.