What is Scotiabank’s Estimate for MongoDB FY2025 Earnings?

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

Other equities analysts also recently issued research reports about the stock. Oppenheimer boosted their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company upped their price target on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt cut MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research note on Monday, December 16th. Canaccord Genuity Group upped their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, KeyCorp raised their target price on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $364.64.

MongoDB Stock Down 1.4 %

Shares of MDB opened at $245.22 on Friday. The company has a market cap of $18.26 billion, a P/E ratio of -89.50 and a beta of 1.25. MongoDB has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm’s 50 day moving average price is $281.86 and its 200 day moving average price is $269.09.

MongoDB (NASDAQ:MDB) last released its 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 the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 1,385 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $287.82, for a total transaction of $398,630.70. Following the completion of the transaction, the director now owns 89,063 shares in the company, valued at approximately $25,634,112.66. This represents a 1.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was 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 worth $8,427,806 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently made changes to their positions in the stock. Hilltop National Bank lifted 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 valued at $30,000 after acquiring an additional 42 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in MongoDB by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,399 shares of the company’s stock worth $5,215,000 after purchasing an additional 110 shares in the last quarter. First Hawaiian Bank grew its holdings in MongoDB by 18.3% in the fourth quarter. First Hawaiian Bank now owns 1,571 shares of the company’s stock valued at $366,000 after purchasing an additional 243 shares during the last quarter. Diversified Trust Co increased its position in shares of MongoDB by 31.0% in the fourth quarter. Diversified Trust Co now owns 6,919 shares of the company’s stock valued at $1,611,000 after buying an additional 1,639 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of MongoDB during the 4th quarter worth $624,000. 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.