MongoDB (NASDAQ:MDB) Updates Q4 Earnings Guidance

MongoDB (NASDAQ:MDB) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.62-$0.65 for the period, compared to the consensus earnings per share estimate of $0.56. The company issued revenue guidance of $515-$519 million, compared to the consensus revenue estimate of $507.76 million. MongoDB also updated its FY 2025 guidance to 3.010-3.030 EPS.

Analysts Set New Price Targets

MDB has been the topic of a number of research reports. Piper Sandler lifted their price objective on MongoDB from $335.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Loop Capital increased their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company boosted their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. KeyCorp increased their price target on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Robert W. Baird upped their price objective on MongoDB from $305.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $345.71.

MongoDB Price Performance

Shares of MDB stock opened at $350.13 on Tuesday. The stock’s 50-day moving average is $290.90 and its 200 day moving average is $269.20. MongoDB has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company has a market cap of $25.86 billion, a P/E ratio of -115.94 and a beta of 1.17.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’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 EPS. Research analysts predict that MongoDB will post -2.37 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. The trade was a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the sale, the chief financial officer now owns 80,307 shares in the company, valued at approximately $23,313,925.17. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,600 shares of company stock worth $7,255,929. Insiders own 3.60% 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.