Why MongoDB Stock Is Moving Lower Friday

MongoDB, Inc. MDB shares are trading lower Friday after the company issued weak guidance for the upcoming quarter as well as fiscal-year 2025.

The Details: MongoDB reported financial earnings for the first quarter of fiscal-year 2025 after the market close on Thursday.

The company reported adjusted EPS of 51 cent beating analyst estimates of 40 cents. In addition, MongoDB announced revenue of $450.56 million which came in ahead of analyst estimates of 439.64 million.

The reported sales figure represents a 22.34% increase in sales compared to the same period last year.

MongoDB announced guidance for the second quarter and for the whole fiscal-year 2025.

For the second quarter, the company sees adjusted EPS between 46 cents and 49 cents versus analyst estimates of 58 cents. Also, the company estimates revenue between $460 million and $464 million versus analyst estimates of $470.43 million.

In terms of fiscal-year 2025 estimates, the company sees adjusted EPS between $2.15 and $2.30 versus analyst estimates of $2.50. Furthermore, the company estimates revenue between $1.88 billion and $1.90 billion versus analyst estimates of $1.93 billion.

Analyst Changes: Following the earnings announcement, several analysts released price target adjustments.

• Piper Sandler analyst Brent Bracelin maintains MongoDB with an Overweight and lowers the price target from $480 to $350.
• Needham analyst Mike Cikos maintains MongoDB with a Buy and lowers the price target from $465 to $290.
• Baird analyst William Power maintains MongoDB with a Outperform and lowers the price target from $450 to $305.
• Morgan Stanley analyst Sanjit Singh maintains MongoDB with an Overweight and lowers the price target from $455 to $320.
• Mizuho analyst Matthew Broome maintains MongoDB with a Neutral and lowers the price target from $380 to $250.
• Truist Securities analyst Miller Jump maintains MongoDB with a Buy and lowers the price target from $475 to $300.
• Stifel analyst Brad Reback maintains MongoDB with a Buy and lowers the price target from $435 to $300.

Related Link: Smart Money Is Betting Big In ORCL Options

MDB Price Action: At time of writing MongoDB shares were trading down 25.5% at $230.94, according to data from Benzinga Pro.

Image:Michael Vi/Shutterstock