MongoDB (NASDAQ:MDB) Director Hope Cochran Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the director owned 29,326 shares in the company, valued at approximately $10,264,100. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Down 1.3%

Shares of NASDAQ:MDB opened at $354.88 on Friday. MongoDB, Inc. has a 1 year low of $198.47 and a 1 year high of $444.72. The business has a fifty day simple moving average of $319.37 and a 200 day simple moving average of $329.84. The firm has a market cap of $28.54 billion, a price-to-earnings ratio of -959.14, a P/E/G ratio of 1,296.12 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The business’s quarterly 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. On average, sell-side analysts forecast that MongoDB, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MDB shares. Robert W. Baird increased their price objective on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Wall Street Zen cut shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Oppenheimer boosted their target price on shares of MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Needham & Company LLC restated an “overweight” rating on shares of MongoDB in a report on Friday, May 29th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $396.39.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. ValueAct Holdings L.P. lifted its stake in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after buying an additional 1,427,700 shares during the last quarter. Norges Bank bought a new stake in shares of MongoDB during the 4th quarter worth $574,821,000. AQR Capital Management LLC grew its stake in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. grew its stake in MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in MongoDB by 162.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock worth $340,505,000 after acquiring an additional 678,746 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Company Profile

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.