MongoDB (NASDAQ:MDB) Stock: Insider Archana Agrawal Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Archana Agrawal sold 1,000 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $400.00, for a total value of $400,000.00. Following the sale, the director directly owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. This represents a 18.77% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Stock Performance

MDB traded up $10.20 during trading on Thursday, hitting $366.49. The stock had a trading volume of 1,282,853 shares, compared to its average volume of 2,021,545. The firm has a market capitalization of $29.52 billion, a P/E ratio of 516.18, a PEG ratio of 40.08 and a beta of 1.74. The company’s 50-day moving average price is $395.72 and its 200 day moving average price is $339.73. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the prior year, the firm earned $1.00 EPS. 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. As a group, equities analysts expect that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $465.00 price target on shares of MongoDB in a report on Wednesday, September 30th. Weiss Ratings raised shares of MongoDB from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Oppenheimer increased their price target on shares of MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $470.00 price objective on shares of MongoDB in a research note on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $462.91.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of MDB. Cassaday & Co Wealth Management LLC acquired a new position in MongoDB during the first quarter worth $34,000. Smallwood Wealth Investment Management LLC purchased a new stake in MongoDB during the second quarter worth $34,000. NBH Bank purchased a new stake in MongoDB during the second quarter worth $34,000. CX Institutional grew its holdings in MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in MongoDB by 27.1% in the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock valued at $60,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.