DA Davidson Forecasts MongoDB’s FY2025 Earnings (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) – Research analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of MongoDB in a research report issued to clients and investors on Tuesday, December 10th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings per share of ($1.76) for the year, up from their prior estimate of ($2.38). DA Davidson has a “Buy” rating and a $405.00 price target on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($2.37) per share. DA Davidson also issued estimates for MongoDB’s FY2026 earnings at ($2.02) EPS.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share.

Several other equities analysts also recently commented on the company. Macquarie initiated coverage on MongoDB in a research report on Thursday. They set a “neutral” rating and a $300.00 target price for the company. Citigroup raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Truist Financial reaffirmed a “buy” rating and set a $400.00 price target (up previously from $320.00) on shares of MongoDB in a research report on Tuesday. Oppenheimer lifted their target price on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Barclays upped their price objective on MongoDB from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $370.08.

MongoDB Stock Down 2.9 %

MDB stock opened at $288.61 on Thursday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The business’s 50-day simple moving average is $293.13 and its 200 day simple moving average is $269.12. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a market cap of $21.32 billion, a PE ratio of -95.57 and a beta of 1.17.

Institutional Trading of MongoDB

A number of institutional investors have recently made changes to their positions in the business. Jennison Associates LLC raised its position in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares in the last quarter. Swedbank AB boosted its holdings in MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after buying an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans grew its position in MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after buying an additional 388,979 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of MongoDB during the 2nd quarter worth about $52,131,000. Finally, Avala Global LP acquired a new stake in shares of MongoDB during the 3rd quarter valued at about $47,960,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In related news, CRO Cedric Pech sold 302 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at $8,569,000. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $768,750.00. Following the transaction, the director now owns 1,131,006 shares in the company, valued at approximately $289,820,287.50. This represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,600 shares of company stock valued at $7,611,849. 3.60% of the stock is currently owned by insiders.

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.