Cantor Fitzgerald Weighs in on MongoDB FY2025 Earnings

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

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS.

Several other analysts have also commented on the company. Stifel Nicolaus raised their price objective on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Barclays dropped their price target on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Wednesday, December 11th. Canaccord Genuity Group lifted their target price on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Stock Up 0.5 %

NASDAQ:MDB opened at $261.86 on Friday. MongoDB has a 52 week low of $212.74 and a 52 week high of $509.62. The stock’s 50-day moving average price is $275.02 and its 200-day moving average price is $269.07. The stock has a market capitalization of $19.50 billion, a PE ratio of -95.57 and a beta of 1.25.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction on 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 owns 217,294 shares in the company, valued at $55,379,548.84. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the company’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 in the company, valued at $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,156 shares of company stock worth $9,220,473. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of large investors have recently made changes to their positions in the company. Hilltop National Bank boosted 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 worth $30,000 after acquiring an additional 42 shares in the last quarter. Quarry LP boosted its holdings in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares in the last quarter. Brooklyn Investment Group purchased a new position in MongoDB in the third quarter valued at approximately $36,000. GAMMA Investing LLC raised its holdings in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other 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.