Cantor Fitzgerald Forecasts MongoDB FY2025 Earnings

MongoDB, Inc. (NASDAQ:MDB) – Cantor Fitzgerald issued their FY2025 earnings estimates for MongoDB in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey forecasts that the company will post earnings of ($1.74) per share for the year. Cantor Fitzgerald currently has a “Strong-Buy” rating and a $344.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.79) per share.

Several other research analysts have also commented on the stock. Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Loop Capital increased their price target on MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. China Renaissance assumed coverage on MongoDB in a report on Tuesday. They set a “buy” rating and a $351.00 price objective for the company. Monness Crespi & Hardt lowered MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a research note on Monday, December 16th. Finally, Rosenblatt Securities began coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Trading Down 0.0 %

MDB opened at $260.62 on Friday. The stock has a 50-day moving average of $275.99 and a 200 day moving average of $268.99. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating 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 firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same period in the prior year, the company earned $0.96 EPS. The company’s quarterly revenue was up 22.3% compared to the same quarter last year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total value of $265,000.00. Following the sale, the director now directly owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,156 shares of company stock valued at $9,220,473 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of hedge funds have recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. boosted its stake in shares of MongoDB by 28.3% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 1,202 shares of the company’s stock worth $280,000 after acquiring an additional 265 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in MongoDB during the fourth quarter worth approximately $295,000. Forsta AP Fonden increased its position in shares of MongoDB by 26.3% in the fourth quarter. Forsta AP Fonden now owns 20,200 shares of the company’s stock valued at $4,703,000 after buying an additional 4,200 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of MongoDB by 42.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 17,179 shares of the company’s stock valued at $3,999,000 after buying an additional 5,147 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in MongoDB in the 4th quarter valued at $163,000. 89.29% of the stock is 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.