MongoDB (NASDAQ:MDB – Get Free Report) had its target price hoisted by Scotiabank from $310.00 to $395.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 27.41% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets increased their target price on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday. Rosenblatt Securities restated a “buy” rating and set a $385.00 price target on shares of MongoDB in a report on Tuesday. UBS Group restated a “neutral” rating on shares of MongoDB in a report on Friday. Wedbush raised their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday. Finally, Guggenheim restated a “buy” rating and set a $475.00 price target on shares of MongoDB in a report on Friday. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.93.
Read Our Latest Research Report on MongoDB
MongoDB Trading Down 4.8%
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s 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. On average, sell-side analysts anticipate that MongoDB will post -0.46 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at $148,322,822.08. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares in the company, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,566 shares of company stock worth $8,744,791 over the last 90 days. Company insiders own 2.60% of the company’s stock.
Institutional Trading of MongoDB
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after acquiring an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. boosted its position in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. State Street Corp boosted its position in shares of MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after acquiring an additional 40,219 shares in the last quarter. Amundi boosted its position in shares of MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after acquiring an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
More MongoDB News
Here are the key news stories impacting MongoDB this week:
- Positive Sentiment: MongoDB reported Q1 revenue of $687.6 million, up about 25% year over year and above Wall Street expectations, while non-GAAP EPS of $1.32 also topped estimates. MongoDB (NASDAQ:MDB) Reports Upbeat Q1 CY2026, Stock Jumps 22.1%
- Positive Sentiment: The company raised its full-year FY2027 outlook and Q2 guidance well above consensus, reinforcing confidence that recent growth can continue. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
- Positive Sentiment: Atlas remains the main growth engine, with Atlas revenue up more than 29% year over year, which supports the bullish narrative around MongoDB’s cloud and AI exposure. MongoDB tops Q1 estimates, raises full-year outlook on Atlas strength
- Positive Sentiment: Analysts turned more constructive after the results, including Barclays, Guggenheim, Bank of America, Wedbush, Oppenheimer, Mizuho, BMO, and others raising price targets, signaling higher expectations for the stock. Benzinga analyst target update
- Neutral Sentiment: Some commentary notes that traders are still debating whether the company’s comments imply Atlas growth could become more predictable, but that appears secondary to the strong earnings and guidance beat. Why MDB Stock Is Up Overnight After Wild Ride Today
About MongoDB
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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