MongoDB (NASDAQ:MDB) Stock Price Up 4.1% - Here's Why

Key Points

• MongoDB shares rose 4.1% to about $373.14, although trading volume was 74% below the average session volume.
• The company exceeded quarterly expectations, reporting $1.90 in EPS versus $1.62 expected and $771.77 million in revenue versus $735.01 million estimated; revenue increased 30.5% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $471.81, while insiders sold approximately $16.1 million of stock during the latest quarter.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) shot up 4.1% during trading on Thursday . The stock traded as high as $374.36 and last traded at $373.1390. Approximately 489,326 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 1,899,280 shares. The stock had previously closed at $358.38.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MDB. Scotiabank reiterated an "outperform" rating on shares of MongoDB in a research report on Wednesday, September 2nd. Needham & Company LLC restated a "buy" rating and issued a $430.00 price objective on shares of MongoDB in a research report on Wednesday, September 2nd. DA Davidson reaffirmed a "buy" rating and set a $465.00 price objective on shares of MongoDB in a research note on Wednesday, September 2nd. BMO Capital Markets decreased their target price on shares of MongoDB from $500.00 to $450.00 and set an "outperform" rating on the stock in a report on Wednesday, September 2nd. Finally, Weiss Ratings raised shares of MongoDB from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $471.81.

MongoDB Trading Up 5.3%

The firm has a fifty day simple moving average of $375.26 and a two-hundred day simple moving average of $322.58. The stock has a market cap of $30.35 billion, a PE ratio of 531.98, a PEG ratio of 37.41 and a beta of 1.58.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.MongoDB's revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities analysts forecast that MongoDB, Inc. will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Michael Berry sold 5,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company's stock, valued at $534,945. This represents a 76.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of the firm's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the sale, the director owned 983,316 shares in the company, valued at approximately $348,005,365.56. This trade represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 40,696 shares of company stock valued at $16,098,655 in the last quarter. Corporate insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MDB. Fiera Capital Corp lifted its stake in shares of MongoDB by 33.6% in the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company's stock valued at $76,818,000 after purchasing an additional 46,051 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in shares of MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company's stock valued at $6,990,000 after purchasing an additional 6,819 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in MongoDB by 19.9% in the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company's stock worth $43,022,000 after purchasing an additional 21,273 shares during the period. Daventry Group LP grew its stake in MongoDB by 21.3% in the first quarter. Daventry Group LP now owns 82,105 shares of the company's stock worth $20,097,000 after purchasing an additional 14,412 shares during the period. Finally, Entropy Technologies LP bought a new position in MongoDB in the fourth quarter worth $6,050,000. Institutional investors own 89.29% of the company's stock.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

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 operate databases in private, hybrid or multicloud environments.

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