DA Davidson Estimates MongoDB's FY2025 Earnings (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB - Free Report) - Investment analysts at DA Davidson lifted their FY2025 earnings estimates for MongoDB in a report released on Tuesday, December 10th. DA Davidson analyst R. Kessinger now expects that the company will post earnings per share of ($1.76) for the year, up from their previous forecast of ($2.38). DA Davidson currently has a "Buy" rating and a $405.00 price objective on the stock. The consensus estimate for MongoDB's current full-year earnings is ($2.37) per share. DA Davidson also issued estimates for MongoDB's FY2026 earnings at ($2.02) EPS.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analysts' expectations of $497.39 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 EPS.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group upped their price objective on shares of MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Bank of America upped their price target on MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Wedbush raised MongoDB to a "strong-buy" rating in a research note on Thursday, October 17th. Scotiabank upped their target price on MongoDB from $295.00 to $350.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Finally, Piper Sandler reiterated an "overweight" rating and set a $425.00 price target on shares of MongoDB in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $370.08.

MongoDB Stock Down 2.9 %

MDB stock traded down $8.59 during trading hours on Thursday, hitting $288.61. The company's stock had a trading volume of 2,716,574 shares, compared to its average volume of 1,517,253. The company has a market capitalization of $21.32 billion, a PE ratio of -98.41 and a beta of 1.17. The stock has a 50 day moving average price of $292.42 and a two-hundred day moving average price of $268.98. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62.

Insider Activity

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares in the company, valued at $23,313,925.17. This trade represents a 5.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 154 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares in the company, valued at $4,117,425. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,600 shares of company stock worth $7,611,849. Company insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MFA Wealth Advisors LLC bought a new position in MongoDB in the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp raised its position in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP raised its position in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Hantz Financial Services Inc. bought a new position in MongoDB in the 2nd quarter worth approximately $35,000. Finally, Brooklyn Investment Group bought a new position in MongoDB in the 3rd quarter worth approximately $36,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.