Scotiabank Estimates MongoDB's FY2025 Earnings (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB - Free Report) - Investment analysts at Scotiabank lifted their FY2025 earnings estimates for MongoDB in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Colville now expects that the company will post earnings per share of ($1.78) for the year, up from their prior estimate of ($2.45). Scotiabank currently has a "Sector Perform" rating and a $350.00 price target on the stock. The consensus estimate for MongoDB's current full-year earnings is ($1.86) per share.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the prior year, the business posted $0.96 EPS. MongoDB's revenue for the quarter was up 22.3% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the company. Mizuho lifted their target price on MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Oppenheimer boosted their target price on MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Loop Capital raised their price target on shares of MongoDB from $315.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Wedbush upgraded MongoDB to a "strong-buy" rating in a report on Thursday, October 17th. Finally, Macquarie initiated coverage on shares of MongoDB in a research report on Thursday, December 12th. They set a "neutral" rating and a $300.00 price target for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $364.64.

MongoDB Trading Down 1.4 %

MDB traded down $3.46 during trading on Friday, hitting $245.22. 1,245,263 shares of the company traded hands, compared to its average volume of 1,630,053. The company has a market cap of $18.26 billion, a PE ratio of -89.50 and a beta of 1.25. The stock's 50-day simple moving average is $282.39 and its two-hundred day simple moving average is $269.01. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62.

Insider Activity

In other MongoDB news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company's stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,161 shares of company stock worth $8,427,806 in the last quarter. Corporate insiders own 3.60% of the company's stock.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC raised its stake in shares of MongoDB by 167.4% in the second quarter. Private Advisor Group LLC now owns 6,324 shares of the company's stock valued at $1,581,000 after acquiring an additional 3,959 shares in the last quarter. Acadian Asset Management LLC raised its holdings in MongoDB by 1,677.3% in the second quarter. Acadian Asset Management LLC now owns 3,679 shares of the company's stock valued at $916,000 after acquiring an additional 3,472 shares in the last quarter. Quest Partners LLC purchased a new position in MongoDB in the second quarter worth approximately $160,000. Wedbush Securities Inc. grew its holdings in MongoDB by 20.7% during the 2nd quarter. Wedbush Securities Inc. now owns 2,739 shares of the company's stock worth $685,000 after acquiring an additional 470 shares in the last quarter. Finally, Choreo LLC lifted its position in shares of MongoDB by 187.1% during the 2nd quarter. Choreo LLC now owns 2,291 shares of the company's stock worth $603,000 after purchasing an additional 1,493 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.