MongoDB (NASDAQ:MDB) Director Sells $350,000.00 in Stock

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

MongoDB Stock Performance

Shares of MDB traded down $4.50 during mid-day trading on Thursday, reaching $354.88. The company had a trading volume of 1,474,522 shares, compared to its average volume of 1,997,061. The company has a market capitalization of $28.54 billion, a price-to-earnings ratio of -959.14, a P/E/G ratio of 1,211.44 and a beta of 1.55. The company’s 50 day simple moving average is $317.50 and its 200 day simple moving average is $330.29. MongoDB, Inc. has a 1-year low of $198.47 and a 1-year high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, 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 research analysts have recently commented on the company. Barclays increased their price target on MongoDB from $370.00 to $387.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Oppenheimer upped their target price on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Citizens Jmp reiterated a “market outperform” rating and issued a $366.00 target price on shares of MongoDB in a research report on Friday, May 29th. Piper Sandler lifted their price target on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Monness Crespi & Hardt boosted their price target on MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $396.39.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its holdings in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the period. NewEdge Advisors LLC increased its stake in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the period. Sivia Capital Partners LLC bought a new position in shares of MongoDB during the second quarter worth about $329,000. Cresset Asset Management LLC raised its position in shares of MongoDB by 13.4% during the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after acquiring an additional 370 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of MongoDB by 28.3% during the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after acquiring an additional 2,697 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.