Needham & Company LLC reiterated their buy rating on shares of MongoDB (NASDAQ:MDB – Free Report) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $430.00 price objective on the stock.
Several other research firms also recently commented on MDB. Bank of America upped their price objective on shares of MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a report on Monday, June 8th. Barclays boosted their target price on MongoDB from $387.00 to $460.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 26th. Zacks Research raised shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Truist Financial increased their price objective on MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, KGI Securities began coverage on shares of MongoDB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $471.81.
Check Out Our Latest Research Report on MDB
MongoDB Price Performance
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, equities research analysts expect that MongoDB will post 0.37 earnings per share for the current fiscal year.
Insider Transactions at MongoDB
In other news, Director Hope Cochran sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the sale, the director owned 452,896 shares of the company’s stock, valued at $204,595,768. The trade was a 1.31% 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 sold 40,696 shares of company stock worth $16,098,655 in the last three months. Corporate insiders own 2.60% of the company’s stock.
Hedge Funds Weigh In On MongoDB
Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in MongoDB during the 4th quarter valued at about $33,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of MongoDB during the first quarter valued at $34,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of MongoDB in the 2nd quarter valued at about $34,000. NBH Bank bought a new position in shares of MongoDB in the 2nd quarter worth $34,000. Finally, CX Institutional lifted its position in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Key MongoDB News
Here are the key news stories impacting MongoDB this week:
- Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
- Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
- Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
- Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
- Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade
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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