MongoDB (NASDAQ:MDB) Director Hope Cochran Sells 1,566 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the sale, the director owned 25,444 shares of the company’s stock, valued at $8,754,008.20. This represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

Shares of MDB opened at $319.16 on Tuesday. MongoDB, Inc. has a 1-year low of $196.00 and a 1-year high of $444.72. The stock has a market cap of $25.67 billion, a PE ratio of -862.59, a price-to-earnings-growth ratio of 1,200.08 and a beta of 1.57. The firm has a fifty day moving average price of $306.56 and a 200 day moving average price of $334.71.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data 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 net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. 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, equities analysts expect that MongoDB, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on MDB. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a report on Tuesday, May 26th. Guggenheim restated a “buy” rating and set a $475.00 target price on shares of MongoDB in a research report on Friday, May 29th. Wall Street Zen lowered shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $395.00 target price on shares of MongoDB in a report on Tuesday, May 19th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $396.39.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Integrated Wealth Concepts LLC increased its holdings in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares during the period. NewEdge Advisors LLC grew its position in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in MongoDB in the 2nd quarter valued at $329,000. Cresset Asset Management LLC increased its stake in MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after buying an additional 370 shares during the period. Finally, Cerity Partners LLC increased its stake in MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after buying an additional 2,697 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.