Brokers Issue Forecasts for MongoDB FY2025 Earnings

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

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate 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 12.22% and a negative net margin of 10.46%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the business earned $0.96 earnings per share.

MDB has been the topic of several other reports. Wells Fargo & Company raised their price objective on MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Stifel Nicolaus raised their price objective on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Tigress Financial raised their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays dropped their price objective on MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Truist Financial reissued a “buy” rating and issued a $400.00 price objective (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Trading Up 0.5 %

Shares of MDB stock opened at $261.86 on Friday. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a 50 day moving average of $275.02 and a 200 day moving average of $268.94. The stock has a market cap of $19.50 billion, a P/E ratio of -95.57 and a beta of 1.25.

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the sale, the chief financial officer now owns 80,307 shares in the company, valued at $21,510,229.95. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total value of $265,000.00. Following the completion of the sale, the director now owns 1,116,006 shares in the company, valued at $295,741,590. This represents a 0.09 % decrease in their position. 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 quarter. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently modified their holdings of the company. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the period. Quarry LP raised its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares during the period. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the 3rd quarter valued at $36,000. Continuum Advisory LLC raised its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.