MongoDB (NASDAQ:MDB) Director Hope Cochran 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 Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. The transaction 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 Up 6.2%

Shares of NASDAQ MDB traded up $23.74 during trading hours on Monday, hitting $407.30. 1,248,368 shares of the company traded hands, compared to its average volume of 1,884,357. The company’s 50 day moving average price is $378.38 and its 200 day moving average price is $325.27. MongoDB, Inc. has a 12 month low of $215.68 and a 12 month high of $473.10. The stock has a market capitalization of $32.81 billion, a price-to-earnings ratio of 573.66, a price-to-earnings-growth ratio of 41.21 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last issued its quarterly 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 company 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%.MongoDB’s revenue 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. Equities analysts anticipate that MongoDB, Inc. will post 0.47 EPS for the current year.

Institutional Investors Weigh In On MongoDB

Several large investors have recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC bought a new position in MongoDB in the 2nd quarter worth about $252,000. Sequoia Financial Advisors LLC raised its stake in shares of MongoDB by 36.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company’s stock valued at $877,000 after acquiring an additional 701 shares in the last quarter. National Pension Service boosted its holdings in shares of MongoDB by 10.7% in the second quarter. National Pension Service now owns 153,687 shares of the company’s stock valued at $51,623,000 after purchasing an additional 14,866 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of MongoDB by 10.3% in the second quarter. NewEdge Advisors LLC now owns 4,287 shares of the company’s stock valued at $1,440,000 after purchasing an additional 400 shares during the period. Finally, Stableford Capital II LLC bought a new position in MongoDB in the second quarter worth approximately $726,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Tigress Financial lifted their price target on shares of MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Needham & Company LLC reissued a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a research report on Wednesday, September 2nd. Morgan Stanley raised their price objective on shares of MongoDB from $380.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Wedbush upped their target price on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Guggenheim reiterated a “buy” rating and issued a $560.00 price target on shares of MongoDB in a report on Wednesday, September 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $471.81.

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.