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

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,566 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly 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 document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Stock Down 4.1%

NASDAQ:MDB traded down $13.59 on Monday, reaching $319.16. 2,100,625 shares of the company’s stock traded hands, compared to its average volume of 2,014,355. The stock has a 50-day simple moving average of $304.76 and a 200-day simple moving average of $335.30. The firm has a market cap of $25.67 billion, a PE ratio of -862.59, a P/E/G ratio of 1,200.08 and a beta of 1.57. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate 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 business had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. During the same period in the previous year, the business earned $1.00 earnings per share. The business’s revenue 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. On average, equities analysts anticipate that MongoDB, Inc. will post 0.02 earnings per share for the current year.

Institutional Trading of MongoDB

Several hedge funds have recently modified their holdings of the company. ValueAct Holdings L.P. grew its holdings 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 valued at $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp increased its position in MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after purchasing an additional 40,219 shares during the last quarter. Amundi raised its stake in MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares in the last quarter. Geode Capital Management LLC raised its stake in MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after purchasing an additional 9,693 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. lifted its position in MongoDB by 162.1% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after purchasing an additional 852,540 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDB. Cantor Fitzgerald increased their price objective on shares of MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research report on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $366.00 target price on shares of MongoDB in a research note on Friday, May 29th. Guggenheim reiterated a “buy” rating and issued a $475.00 price target on shares of MongoDB in a report on Friday, May 29th. Finally, Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Twenty-eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $396.39.

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.