DA Davidson Has Strong Estimate for MongoDB FY2026 Earnings

MongoDB, Inc. (NASDAQ:MDB - Free Report) - Investment analysts at DA Davidson raised their FY2026 EPS estimates for MongoDB in a research note issued on Thursday, June 5th. DA Davidson analyst R. Kessinger now forecasts that the company will earn ($1.92) per share for the year, up from their previous forecast of ($2.43). DA Davidson has a "Buy" rating and a $275.00 price target on the stock. The consensus estimate for MongoDB's current full-year earnings is ($1.78) per share. DA Davidson also issued estimates for MongoDB's FY2027 earnings at ($1.86) EPS.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. The company's quarterly revenue was up 21.8% compared to the same quarter last year.

Several other research analysts have also issued reports on the stock. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and dropped their price target for the stock from $350.00 to $190.00 in a research report on Tuesday, May 20th. Mizuho dropped their price target on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target for the company in a research report on Thursday, April 17th. Barclays raised their price objective on shares of MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Stifel Nicolaus dropped their price objective on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $282.47.

MongoDB Stock Down 2.3%

NASDAQ:MDB opened at $220.14 on Monday. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00. The firm has a market capitalization of $17.87 billion, a PE ratio of -80.34 and a beta of 1.39. The firm has a 50-day moving average price of $176.52 and a 200 day moving average price of $228.97.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the transaction, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at approximately $46,597,930.48. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,203 shares of company stock valued at $3,848,569 over the last quarter. Corporate insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after buying an additional 372 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of MongoDB by 68.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock valued at $237,000 after buying an additional 413 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after buying an additional 134 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of MongoDB by 12.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company's stock valued at $272,000 after buying an additional 133 shares during the period. Finally, 111 Capital acquired a new position in shares of MongoDB in the 4th quarter valued at $390,000. 89.29% of the stock is owned by institutional investors.

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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