MongoDB (NASDAQ:MDB) Updates FY25 Earnings Guidance

MongoDB (NASDAQ:MDB) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.33-2.47 for the period, compared to the consensus earnings per share estimate of $2.28. The company issued revenue guidance of $1.92-1.93 billion, compared to the consensus revenue estimate of $1.90 billion. MongoDB also updated its FY 2025 guidance to 2.330-2.470 EPS.

MongoDB Stock Performance

MongoDB stock opened at $290.79 on Friday. 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 has a 1-year low of $212.74 and a 1-year high of $509.62. The firm’s fifty day simple moving average is $248.22 and its 200-day simple moving average is $314.87.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 15.95% and a negative net margin of 12.08%. The business had revenue of $450.56 million for the quarter, compared to analyst estimates of $438.44 million. On average, equities research analysts expect that MongoDB will post -2.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on MDB. Loop Capital dropped their target price on shares of MongoDB from $415.00 to $315.00 and set a buy rating on the stock in a report on Friday, May 31st. Stifel Nicolaus upped their price target on MongoDB from $300.00 to $325.00 and gave the stock a buy rating in a report on Friday. Barclays lowered their price objective on shares of MongoDB from $458.00 to $290.00 and set an overweight rating on the stock in a research note on Friday, May 31st. Royal Bank of Canada reissued an outperform rating and issued a $350.00 price target on shares of MongoDB in a report on Friday. Finally, Morgan Stanley upped their price objective on shares of MongoDB from $320.00 to $340.00 and gave the company an overweight rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $345.52.

Insider Activity

In other MongoDB news, CRO Cedric Pech sold 273 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the sale, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the transaction, the director now directly owns 1,140,006 shares in the company, valued at $263,341,386. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The disclosure for this sale can be found here. Insiders sold a total of 30,179 shares of company stock valued at $7,368,989 in the last ninety days. 3.60% of the stock is owned by 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.