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 on Friday, May 29th. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director directly owned 27,010 shares of the company’s stock, valued at $9,453,500. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Up 3.2%

NASDAQ MDB opened at $380.18 on Friday. The firm has a market capitalization of $30.56 billion, a P/E ratio of -1,027.51 and a beta of 1.57. The business has a fifty day simple moving average of $283.29 and a 200 day simple moving average of $334.24. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same period last year, the firm posted $1.00 EPS. The business’s revenue was up 25.2% compared to the same quarter last year. 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, sell-side analysts predict that MongoDB, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On MongoDB

Several large investors have recently added to or reduced their stakes in MDB. Clark Financial Services Group Inc. BD lifted its stake in shares of MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after acquiring an additional 25 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of MongoDB by 9.4% during the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after acquiring an additional 36 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of MongoDB by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after acquiring an additional 36 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDB shares. Mizuho raised their target price on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. UBS Group raised their target price on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Citigroup reaffirmed a “market outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Stifel Nicolaus set a $435.00 target price on MongoDB in a research report on Friday, May 29th. Finally, Cantor Fitzgerald raised their target price on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Twenty-eight 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 stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $394.45.

About MongoDB

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.