MongoDB (NASDAQ:MDB) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• MongoDB shares crossed above their 50-day moving average, trading near $389.11 versus the $387.09 average, while remaining above the 200-day average of $339.86.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $461.91, implying potential upside from the recent trading level.
• The company exceeded quarterly expectations, reporting $1.90 in EPS and $771.77 million in revenue, up 30.5% year over year; however, insiders sold $13.5 million of shares over the past 90 days.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $387.09 and traded as high as $389.88. MongoDB shares last traded at $389.11, with a volume of 1,065,678 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup reiterated a "market outperform" rating on shares of MongoDB in a research report on Monday, September 28th. Sanford C. Bernstein upped their price objective on shares of MongoDB from $449.00 to $484.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. Scotiabank reiterated a "sector outperform" rating and issued a $450.00 price objective (up from $440.00) on shares of MongoDB in a research note on Thursday, October 8th. BMO Capital Markets reduced their target price on shares of MongoDB from $450.00 to $420.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. Finally, Canaccord Genuity Group raised their target price on shares of MongoDB from $400.00 to $480.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $461.91.

MongoDB Price Performance

The firm has a fifty day moving average of $387.09 and a 200 day moving average of $339.86. The stock has a market capitalization of $31.35 billion, a price-to-earnings ratio of 548.04, a price-to-earnings-growth ratio of 35.93 and a beta of 1.74.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The company had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same period in the previous year, the company posted $1.00 earnings per share. MongoDB's revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Research analysts predict that MongoDB, Inc. will post 0.47 EPS for the current year.

Insider Activity

In related news, Director Archana Agrawal sold 1,000 shares of the business's stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the completion of the transaction, the director directly owned 4,328 shares in the company, valued at $1,731,200. The trade was a 18.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,595 shares of company stock worth $13,465,211 over the last 90 days. Company insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of MongoDB by 0.3% in the first quarter. Bank of America Corp DE now owns 555,305 shares of the company's stock worth $135,922,000 after acquiring an additional 1,852 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of MongoDB by 55.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company's stock worth $134,616,000 after acquiring an additional 195,250 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of MongoDB by 33.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 390,253 shares of the company's stock valued at $95,516,000 after acquiring an additional 97,002 shares during the period. Amundi grew its position in shares of MongoDB by 17.8% during the 1st quarter. Amundi now owns 376,447 shares of the company's stock valued at $92,143,000 after acquiring an additional 56,888 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of MongoDB by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 373,992 shares of the company's stock valued at $91,514,000 after purchasing an additional 11,606 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Company Profile

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.

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