MongoDB (NASDAQ:MDB) Director Sells 1,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the director owned 29,326 shares of the company’s stock, valued at approximately $10,264,100. The trade was a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $4.50 during midday trading on Thursday, reaching $354.88. The stock had a trading volume of 1,474,522 shares, compared to its average volume of 1,997,061. The company’s 50 day moving average price is $317.50 and its 200 day moving average price is $330.29. MongoDB, Inc. has a twelve month low of $198.47 and a twelve month high of $444.72. The firm has a market cap of $28.54 billion, a price-to-earnings ratio of -959.14, a price-to-earnings-growth ratio of 1,211.44 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same period in the prior year, the company posted $1.00 earnings per share. MongoDB’s revenue for the quarter was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MDB. Morgan Stanley boosted their price objective on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Needham & Company LLC reaffirmed an “overweight” rating on shares of MongoDB in a research note on Friday, May 29th. Oppenheimer boosted their price target on MongoDB from $375.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Citigroup restated a “buy” rating on shares of MongoDB in a report on Monday, June 8th. Finally, BMO Capital Markets raised their price objective on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.39.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the 4th quarter worth $28,000. Huntington National Bank lifted its holdings in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in MongoDB in the 4th quarter valued at $33,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.