MongoDB (NASDAQ:MDB) Reaches New 1-Year High – What’s Next?
by Michael Walen · The Markets DailyShares of MongoDB, Inc. (NASDAQ:MDB – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $424.64 and last traded at $417.5390, with a volume of 381355 shares. The stock had previously closed at $409.62.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on MDB shares. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Saturday. Needham & Company LLC increased their price target on shares of MongoDB from $365.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Citigroup raised their price objective on shares of MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Stifel Nicolaus upped their target price on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $415.39.
View Our Latest Report on MongoDB
MongoDB Trading Up 1.8%
The business has a 50 day moving average of $340.44 and a 200-day moving average of $274.95. The stock has a market cap of $33.91 billion, a PE ratio of -478.60 and a beta of 1.45.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the previous year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Insider Transactions at MongoDB
In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the sale, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This trade represents a 38.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 94,172 shares of company stock worth $31,124,200. 3.10% of the stock is owned by insiders.
Institutional Investors Weigh In On MongoDB
Hedge funds have recently made changes to their positions in the business. ValueAct Holdings L.P. increased its stake in 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 during the last quarter. AQR Capital Management LLC boosted 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 worth $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in MongoDB in the 1st quarter valued at about $161,543,000. Norges Bank acquired a new position in shares of MongoDB during the 2nd quarter valued at about $164,338,000. Finally, Vanguard Group Inc. lifted its holdings in shares of MongoDB by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after acquiring an additional 744,547 shares during the period. Institutional investors and hedge funds 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.
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