What is Scotiabank’s Forecast for MongoDB FY2025 Earnings?

MongoDB, Inc. (NASDAQ:MDB) – Scotiabank upped their FY2025 earnings per share (EPS) estimates for shares of MongoDB in a research report issued on Wednesday, January 8th. Scotiabank analyst P. Colville now anticipates that the company will post earnings per share of ($1.78) for the year, up from their previous forecast 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 research analysts also recently issued reports about the company. Royal Bank of Canada boosted their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Robert W. Baird raised their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. Finally, Citigroup lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $367.14.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $248.68 on Friday. MongoDB has a one year low of $212.74 and a one year high of $509.62. The stock has a market cap of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25. The business’s fifty day moving average price is $282.39 and its two-hundred day moving average price is $269.01.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The firm 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 firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC raised its position in MongoDB by 167.4% during the second quarter. Private Advisor Group LLC now owns 6,324 shares of the company’s stock valued at $1,581,000 after buying an additional 3,959 shares during the period. Acadian Asset Management LLC increased its holdings in shares of MongoDB by 1,677.3% in the 2nd quarter. Acadian Asset Management LLC now owns 3,679 shares of the company’s stock valued at $916,000 after purchasing an additional 3,472 shares during the period. Quest Partners LLC purchased a new stake in shares of MongoDB in the second quarter worth approximately $160,000. Wedbush Securities Inc. boosted its holdings in shares of MongoDB by 20.7% during the second quarter. Wedbush Securities Inc. now owns 2,739 shares of the company’s stock worth $685,000 after purchasing an additional 470 shares during the period. Finally, Choreo LLC grew its position in MongoDB by 187.1% during the second quarter. Choreo LLC now owns 2,291 shares of the company’s stock valued at $603,000 after purchasing an additional 1,493 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,385 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 89,063 shares of the company’s stock, valued at approximately $25,634,112.66. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,161 shares of company stock valued at $8,427,806 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

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.