MongoDB (NASDAQ:MDB) Updates FY 2025 Earnings Guidance

MongoDB (NASDAQ:MDB) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.330-2.470 for the period, compared to the consensus estimate of 2.260. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion. MongoDB also updated its FY25 guidance to $2.33-2.47 EPS.

Analysts Set New Price Targets

Several research firms recently issued reports on MDB. Loop Capital reduced their target price on shares of MongoDB from $415.00 to $315.00 and set a buy rating for the company in a report on Friday, May 31st. Oppenheimer increased their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock an outperform rating in a research note on Friday. JMP Securities restated a market outperform rating and set a $380.00 target price on shares of MongoDB in a research note on Friday. DA Davidson upped their target price on shares of MongoDB from $265.00 to $330.00 and gave the stock a buy rating in a report on Friday. Finally, Wells Fargo & Company raised their price target on MongoDB from $300.00 to $350.00 and gave the company an overweight rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of Moderate Buy and a consensus target price of $345.52.

MongoDB Price Performance

MDB stock opened at $290.79 on Friday. MongoDB has a 1-year low of $212.74 and a 1-year high of $509.62. The business has a 50-day moving average price of $248.22 and a 200 day moving average price of $314.87. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.95%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned ($0.63) earnings per share. As a group, equities research analysts anticipate that MongoDB will post -2.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the sale, the director now owns 13,011 shares in the company, valued at approximately $2,919,408.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the transaction, the director now owns 13,011 shares in the company, valued at $2,919,408.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB 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 sale, the director now owns 1,146,784 shares of the company’s stock, valued at $268,622,684.16. The disclosure for this sale can be found here. Insiders sold a total of 30,179 shares of company stock worth $7,368,989 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

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.