MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Rating of “Moderate Buy” from Brokerages

MongoDB, Inc. (NASDAQ:MDBGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the thirty-five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $396.3871.

A number of equities analysts recently commented on the company. Mizuho raised their target price on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 29th. DA Davidson reiterated a “buy” rating and set a $375.00 price target on shares of MongoDB in a research note on Friday, May 29th. Wall Street Zen cut shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Morgan Stanley increased their price target on shares of MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, Piper Sandler raised their price objective on shares of MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, May 29th.

Get Our Latest Stock Report on MDB

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director directly owned 29,326 shares in the company, valued at $10,264,100. This represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the transaction, the director directly owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This represents a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 139,746 shares of company stock worth $50,247,978 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division purchased a new stake in MongoDB during the 4th quarter worth about $28,000. Cornerstone Planning Group LLC raised its position in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of MongoDB in the 4th quarter valued at about $33,000. Root Financial Partners LLC boosted its stake in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in shares of MongoDB during the fourth quarter worth about $38,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Performance

MongoDB stock opened at $354.88 on Monday. The firm has a 50 day moving average price of $321.07 and a 200 day moving average price of $330.02. MongoDB has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The company has a market capitalization of $28.54 billion, a PE ratio of -959.14, a price-to-earnings-growth ratio of 1,279.90 and a beta of 1.55.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate 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 last year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. 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 forecast that MongoDB will post 0.02 earnings per share for the current year.

MongoDB Company Profile

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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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