Scotiabank Has Positive Estimate for MongoDB FY2025 Earnings

MongoDB, Inc. (NASDAQ:MDB) – Stock analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for MongoDB in a report released on Wednesday, January 8th. Scotiabank analyst P. Colville now expects that the company will post earnings of ($1.78) per share for the year, up from their prior forecast of ($2.45). Scotiabank currently has a “Sector Perform” rating and a $350.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.86) per share.

MDB has been the topic of a number of other research reports. Canaccord Genuity Group increased their price target on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Monness Crespi & Hardt downgraded MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a research report on Monday, December 16th. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Barclays cut their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $364.64.

MongoDB Stock Performance

Shares of MDB opened at $245.22 on Friday. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62. The company’s 50 day simple moving average is $281.86 and its 200 day simple moving average is $269.09. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of -89.50 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $237.73, for a total transaction of $713,190.00. Following the sale, the director now directly owns 1,117,006 shares of the company’s stock, valued at $265,545,836.38. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,161 shares of company stock valued at $8,427,806. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of MDB. Nisa Investment Advisors LLC raised its holdings in shares of MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after purchasing an additional 40 shares during the period. Hilltop National Bank grew its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Tanager Wealth Management LLP raised its stake in MongoDB by 4.7% during the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after acquiring an additional 43 shares during the period. Rakuten Securities Inc. raised its stake in MongoDB by 16.5% during the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after acquiring an additional 47 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its holdings in MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after acquiring an additional 59 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Company Profile

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.