MongoDB (NASDAQ:MDB) Director Sells 595 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Charles Hazard, Jr. sold 595 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $350.46, for a total transaction of $208,523.70. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

MongoDB stock traded down $6.99 during trading hours on Wednesday, reaching $328.38. The stock had a trading volume of 1,501,879 shares, compared to its average volume of 1,991,840. The company has a fifty day simple moving average of $379.47 and a 200-day simple moving average of $338.40. 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 $26.45 billion, a PE ratio of 462.51, a PEG ratio of 30.08 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last posted its 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. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same period last year, the firm earned $1.00 earnings per share. MongoDB’s quarterly revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Research analysts predict that MongoDB, Inc. will post 0.50 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in MDB. AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of MongoDB by 8.6% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 95,220 shares of the company’s stock worth $33,195,000 after buying an additional 7,568 shares during the last quarter. Consolidated Investment Group LLC increased its position in MongoDB by 8.8% during the 3rd quarter. Consolidated Investment Group LLC now owns 14,900 shares of the company’s stock valued at $5,194,000 after buying an additional 1,200 shares in the last quarter. AlphaCore Capital LLC raised its stake in MongoDB by 52.8% during the third quarter. AlphaCore Capital LLC now owns 1,681 shares of the company’s stock valued at $586,000 after buying an additional 581 shares during the last quarter. Palacios Wealth Management LLC raised its stake in MongoDB by 11.7% during the third quarter. Palacios Wealth Management LLC now owns 2,784 shares of the company’s stock valued at $971,000 after buying an additional 291 shares during the last quarter. Finally, Clear Wave Wealth Management LLC bought a new stake in MongoDB in the third quarter worth $333,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent analyst reports. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Monness Crespi & Hardt upped their target price on MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Oppenheimer raised their price target on MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Stifel Nicolaus cut their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Finally, Sanford C. Bernstein boosted their price objective on shares of MongoDB from $449.00 to $484.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $461.91.

About MongoDB

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

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 run databases in their own data centers or in hybrid environments.