Brokers Issue Forecasts for MongoDB FY2025 Earnings

MongoDB, Inc. (NASDAQ:MDB) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of MongoDB in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey forecasts that the company will earn ($1.74) per share for the year. Cantor Fitzgerald has a “Strong-Buy” rating and a $344.00 price objective on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.79) per share.

MDB has been the topic of a number of other reports. Rosenblatt Securities began coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research report on Wednesday, December 11th. Barclays lowered their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Monness Crespi & Hardt cut MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a report on Monday, December 16th. Finally, DA Davidson raised their price objective on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Trading Down 0.0 %

Shares of MDB opened at $260.62 on Friday. MongoDB has a 12-month low of $212.74 and a 12-month high of $509.62. The stock has a 50-day moving average price of $275.99 and a 200-day moving average price of $268.99.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $269.57, for a total value of $808,710.00. Following the sale, the director now directly owns 1,127,006 shares of the company’s stock, valued at $303,807,007.42. The trade was a 0.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,156 shares of company stock worth $9,220,473 over the last 90 days. 3.60% of the stock is owned by company insiders.

Institutional Trading of MongoDB

A number of large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its position in MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after purchasing an additional 40 shares during the period. Hilltop National Bank grew its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Tanager Wealth Management LLP increased its position in MongoDB by 4.7% in the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after buying an additional 43 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after buying an additional 47 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock valued at $322,000 after acquiring an additional 59 shares during the period. 89.29% of the stock is currently owned by institutional investors.

About MongoDB

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.