MongoDB (NASDAQ:MDB) Issues Q3 Earnings Guidance

MongoDB (NASDAQ:MDB) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.65-0.68 for the period, compared to the consensus EPS estimate of $0.59. The company issued revenue guidance of $493-497 million, compared to the consensus revenue estimate of $479.96 million. MongoDB also updated its FY 2025 guidance to 2.330-2.470 EPS.

MongoDB Trading Up 18.3 %

Shares of NASDAQ MDB opened at $290.79 on Friday. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The stock has a 50 day moving average price of $248.22 and a 200 day moving average price of $314.87. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 15.95% and a negative net margin of 12.08%. The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. As a group, equities analysts forecast that MongoDB will post -2.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of MongoDB from $320.00 to $340.00 and gave the company an overweight rating in a report on Friday. Tigress Financial lowered their target price on MongoDB from $500.00 to $400.00 and set a buy rating for the company in a report on Thursday, July 11th. Loop Capital cut their price target on MongoDB from $415.00 to $315.00 and set a buy rating on the stock in a report on Friday, May 31st. Truist Financial boosted their price target on MongoDB from $300.00 to $320.00 and gave the stock a buy rating in a research report on Friday. Finally, DA Davidson raised their price objective on MongoDB from $265.00 to $330.00 and gave the company a buy rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $345.52.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $224.38, for a total transaction of $263,422.12. Following the sale, the director now owns 13,011 shares in the company, valued at approximately $2,919,408.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the sale, the director now owns 1,140,006 shares in the company, valued at $263,341,386. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $224.38, for a total transaction of $263,422.12. Following the transaction, the director now directly owns 13,011 shares of the company’s stock, valued at approximately $2,919,408.18. The disclosure for this sale can be found here. Insiders sold 30,179 shares of company stock worth $7,368,989 in the last 90 days. 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.