What is DA Davidson’s Estimate for MongoDB FY2025 Earnings?

MongoDB, Inc. (NASDAQ:MDB) – Investment analysts at DA Davidson boosted their FY2025 EPS estimates for MongoDB in a report issued on Tuesday, December 10th. DA Davidson analyst R. Kessinger now anticipates that the company will earn ($1.76) per share for the year, up from their previous estimate of ($2.38). DA Davidson currently has a “Buy” rating and a $405.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($2.29) per share. DA Davidson also issued estimates for MongoDB’s FY2026 earnings at ($2.02) EPS.

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

Several other brokerages also recently commented on MDB. Wells Fargo & Company upped their price objective on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group increased their price objective on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday. Scotiabank boosted their target price on MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a research note on Tuesday. Truist Financial reaffirmed a “buy” rating and issued a $400.00 price target (up previously from $320.00) on shares of MongoDB in a research note on Tuesday. Finally, Sanford C. Bernstein lifted their price target on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.08.

MongoDB Trading Down 7.4 %

MDB opened at $267.19 on Thursday. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62. The business’s 50-day moving average price is $293.13 and its 200-day moving average price is $269.12. The company has a market cap of $19.74 billion, a P/E ratio of -97.51 and a beta of 1.17.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jennison Associates LLC boosted its stake in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the period. Swedbank AB boosted its stake in shares of MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares during the period. Thrivent Financial for Lutherans grew its holdings in MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in MongoDB in the 2nd quarter worth about $52,131,000. Finally, Avala Global LP bought a new stake in MongoDB in the third quarter worth about $47,960,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other MongoDB news, CRO Cedric Pech sold 302 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the transaction, the executive now owns 33,440 shares in the company, valued at $8,569,000. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,600 shares of company stock worth $7,611,849. 3.60% of the stock is owned by corporate insiders.

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.