MongoDB (NASDAQ:MDB) Stock: Insider Charles Hazard, Jr. Sells 595 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Charles Hazard, Jr. sold 595 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total transaction of $216,490.75. Following the completion of the sale, the director owned 45,237 shares of the company’s stock, valued at approximately $16,459,482.45. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Trading Up 3.9%

Shares of MDB opened at $385.93 on Friday. The stock’s 50 day moving average is $395.79 and its two-hundred day moving average is $336.68. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The firm has a market capitalization of $31.09 billion, a PE ratio of 543.56, a P/E/G ratio of 39.89 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. MongoDB’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company 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. On average, sell-side analysts predict that MongoDB, Inc. will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MDB. Sanford C. Bernstein boosted their price objective on shares of MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Weiss Ratings upgraded shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $540.00 price target on shares of MongoDB in a research note on Friday, October 2nd. Monness Crespi & Hardt boosted their price target on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Finally, Robert W. Baird upped their price target on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $462.91.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in shares of MongoDB by 48.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after acquiring an additional 6,819 shares during the last quarter. Assenagon Asset Management S.A. increased its position in MongoDB by 19.9% during 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 last quarter. Entropy Technologies LP acquired a new position in MongoDB during the fourth quarter worth approximately $6,050,000. Daventry Group LP raised its stake in MongoDB by 21.3% during 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, National Pension Service raised its stake in MongoDB by 10.7% during the second quarter. National Pension Service now owns 153,687 shares of the company’s stock worth $51,623,000 after purchasing an additional 14,866 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

About MongoDB

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.