What is Scotiabank’s Forecast for MongoDB FY2025 Earnings?

MongoDB, Inc. (NASDAQ:MDB) – Equities researchers at Scotiabank increased their FY2025 earnings per share estimates for shares of MongoDB in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Colville now forecasts that the company will post earnings per share of ($1.78) for the year, up from their prior estimate of ($2.45). Scotiabank currently has a “Sector Perform” rating and a $350.00 price objective on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.86) per share.

MongoDB (NASDAQ:MDB) last announced its quarterly 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 company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share.

A number of other equities analysts also recently issued reports on MDB. The Goldman Sachs Group raised their price target on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler reaffirmed an “overweight” rating and set a $425.00 price target on shares of MongoDB in a research report on Tuesday, December 10th. Morgan Stanley raised their price objective on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Oppenheimer increased their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Citigroup boosted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $367.14.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $248.68 on Friday. The stock’s 50-day moving average is $282.39 and its 200 day moving average is $269.01. The company has a market cap of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62.

Insider Activity

In related news, 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 transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,161 shares of company stock valued at $8,427,806 in the last quarter. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC boosted its position in shares of MongoDB by 167.4% during the 2nd quarter. Private Advisor Group LLC now owns 6,324 shares of the company’s stock worth $1,581,000 after acquiring an additional 3,959 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of MongoDB by 1,677.3% during the second quarter. Acadian Asset Management LLC now owns 3,679 shares of the company’s stock worth $916,000 after acquiring an additional 3,472 shares during the last quarter. Quest Partners LLC purchased a new stake in MongoDB in the 2nd quarter valued at $160,000. Wedbush Securities Inc. boosted its stake in MongoDB by 20.7% during the 2nd quarter. Wedbush Securities Inc. now owns 2,739 shares of the company’s stock worth $685,000 after purchasing an additional 470 shares during the period. Finally, Choreo LLC increased its stake in MongoDB by 187.1% in the second quarter. Choreo LLC now owns 2,291 shares of the company’s stock valued at $603,000 after purchasing an additional 1,493 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.