MongoDB (NASDAQ:MDB) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

MongoDB, Inc. (NASDAQ:MDB)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $336.32 and traded as high as $346.44. MongoDB shares last traded at $338.12, with a volume of 883,900 shares traded.

Wall Street Analyst Weigh In

MDB has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Stephens decreased their target price on MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 30th. Stifel Nicolaus decreased their target price on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. BTIG Research assumed coverage on MongoDB in a report on Tuesday. They issued a “buy” rating and a $417.00 price target for the company. Finally, Sanford C. Bernstein upped their price target on MongoDB from $449.00 to $484.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $460.59.

MongoDB Price Performance

The company has a market capitalization of $26.92 billion, a P/E ratio of 470.70, a price-to-earnings-growth ratio of 30.78 and a beta of 1.74. The company has a fifty day moving average price of $365.91 and a 200 day moving average price of $335.96.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million for 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 business’s revenue was up 30.5% on a year-over-year basis. During the same quarter last 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. On average, equities research analysts predict that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $359.97, for a total transaction of $3,599,700.00. Following the completion of the transaction, the director directly owned 952,953 shares of the company’s stock, valued at $343,034,491.41. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.46, for a total transaction of $208,523.70. Following the transaction, the director directly owned 44,642 shares of the company’s stock, valued at $15,645,235.32. The trade was a 1.32% decrease in their ownership of the stock. 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 three months, insiders sold 42,465 shares of company stock worth $15,677,036. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On MongoDB

Several large investors have recently made changes to their positions in MDB. MassMutual Private Wealth & Trust FSB boosted its position in MongoDB by 5,333.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 8,150 shares of the company’s stock worth $2,841,000 after acquiring an additional 8,000 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in shares of MongoDB by 48.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after purchasing an additional 6,819 shares in the last quarter. 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 purchasing an additional 14,866 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of MongoDB by 19.9% during the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after purchasing an additional 21,273 shares during the period. Finally, Daventry Group LP increased its holdings in shares of MongoDB by 21.3% during the first quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after purchasing an additional 14,412 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

About MongoDB

MongoDB, Inc. develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases. The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.