MongoDB (NASDAQ:MDB) Issues FY25 Earnings Guidance

MongoDB (NASDAQ:MDB) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.33-2.47 for the period, compared to the consensus estimate of $2.28. The company issued revenue guidance of $1.92-1.93 billion, compared to the consensus revenue estimate of $1.90 billion. MongoDB also updated its FY 2025 guidance to 2.330-2.470 EPS.

Wall Street Analyst Weigh In

Several brokerages have commented on MDB. Wells Fargo & Company decreased their price target on shares of MongoDB from $450.00 to $300.00 and set an overweight rating on the stock in a research note on Friday, May 31st. Guggenheim raised MongoDB from a sell rating to a neutral rating in a report on Monday, June 3rd. Mizuho dropped their price target on MongoDB from $380.00 to $250.00 and set a neutral rating for the company in a research note on Friday, May 31st. Monness Crespi & Hardt upgraded MongoDB to a hold rating in a report on Tuesday, May 28th. Finally, Scotiabank decreased their price objective on MongoDB from $385.00 to $250.00 and set a sector perform rating on the stock in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $355.74.

MongoDB Trading Up 4.4 %

MDB stock traded up $10.35 during trading on Thursday, hitting $245.72. The company had a trading volume of 1,855,141 shares, compared to its average volume of 1,477,463. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a 50 day simple moving average of $246.45 and a 200-day simple moving average of $317.83. The firm has a market capitalization of $18.02 billion, a P/E ratio of -87.71 and a beta of 1.13. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting analysts’ consensus estimates of ($0.80). The business had revenue of $450.56 million for the quarter, compared to analyst estimates of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. As a group, research analysts forecast that MongoDB will post -2.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Thomas Bull sold 138 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total transaction of $468,480.00. Following the completion of the transaction, the director now directly owns 1,146,784 shares of the company’s stock, valued at approximately $268,622,684.16. The disclosure for this sale can be found here. Insiders have sold a total of 30,179 shares of company stock valued at $7,368,989 over the last quarter. 3.60% of the stock is owned by corporate insiders.

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.