MongoDB (NASDAQ:MDB – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.
MDB has been the subject of several other research reports. Morgan Stanley increased their target price on shares of MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Oppenheimer boosted their price target on shares of MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Needham & Company LLC increased their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Stifel Nicolaus set a $435.00 target price on shares of MongoDB in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $405.35.
View Our Latest Stock Analysis on MDB
MongoDB Price Performance
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same period in the prior year, the firm posted $1.00 EPS. MongoDB’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, equities research analysts expect that MongoDB will post 0.02 earnings per share for the current year.
Insider Activity at MongoDB
In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. The trade was a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the sale, the director owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. The trade was a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,746 shares of company stock valued at $47,343,538 in the last 90 days. 2.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On MongoDB
Institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of MongoDB during the 4th quarter valued at $28,000. International Assets Investment Management LLC purchased a new position in shares of MongoDB during the 4th quarter valued at $33,000. Cassaday & Co Wealth Management LLC bought a new position in shares of MongoDB during the 1st quarter worth $34,000. Finally, CX Institutional grew its stake in shares of MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.
The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.
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