MongoDB (NASDAQ:MDB – Get Free Report)‘s stock had its “market outperform” rating reiterated by equities research analysts at Citizens Jmp in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $519.00 price target on the stock. Citizens Jmp’s price target would suggest a potential upside of 45.19% from the stock’s previous close.
Several other equities analysts also recently weighed in on MDB. Evercore reaffirmed an “outperform” rating on shares of MongoDB in a research note on Thursday, September 24th. Truist Financial raised their price objective on MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wells Fargo & Company raised their price objective on MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Oppenheimer raised their price objective on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Sanford C. Bernstein raised their price target on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $465.25.
View Our Latest Research Report on MDB
MongoDB Stock Up 6.0%
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same period last year, the business posted $1.00 EPS. MongoDB’s quarterly revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, equities analysts anticipate that MongoDB will post 0.47 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the transaction, the director owned 28,326 shares in the company, valued at approximately $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 MongoDB stock in a transaction on Friday, August 14th. The shares were sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the transaction, the director owned 962,953 shares in the company, valued at $453,156,052.27. The trade was a 1.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 17,000 shares of company stock worth $7,792,320 in the last quarter. 2.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fiera Capital Corp boosted its holdings in MongoDB by 33.6% in the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after acquiring an additional 46,051 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in shares of MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after purchasing an additional 6,819 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of MongoDB by 19.9% during the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock worth $43,022,000 after purchasing an additional 21,273 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of MongoDB during the fourth quarter worth about $6,050,000. Finally, Daventry Group LP lifted its stake in shares of MongoDB by 21.3% during the first quarter. Daventry Group LP now owns 82,105 shares of the company’s stock worth $20,097,000 after purchasing an additional 14,412 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
Key MongoDB News
Here are the key news stories impacting MongoDB this week:
- Positive Sentiment: Investor Day highlighted new AI growth drivers. MongoDB introduced MongoDB 9.0, Atlas Infinite and Atlas Agent Engine. The company said MongoDB 9.0 can deliver up to twice the throughput, 35% faster reads and 30% faster updates, while Atlas Infinite is designed to handle unpredictable AI-driven demand. Management also outlined targets for more than 20% revenue growth, mid-20% Atlas growth, annual margin expansion of 100–200 basis points and GAAP profitability by fiscal 2027. MongoDB launches MongoDB 9.0 and Atlas Infinite
- Positive Sentiment: Analysts remain broadly constructive. Citizens JMP reaffirmed “market outperform” with a $519 price target, RBC maintained “outperform” at $465, Needham reiterated “buy” at $430 and BMO kept an “outperform” rating with a $420 target. A Seeking Alpha contributor also upgraded MDB to “buy” following Investor Day. MongoDB CEO’s parting gift to bulls
- Positive Sentiment: Options activity suggests increased bullish positioning. Traders bought 29,206 call options, approximately 40% above the stock’s average daily call volume, indicating heightened speculative interest.
- Neutral Sentiment: MongoDB partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. The partnership could support adoption, although its financial impact is not yet clear. Cognition and MongoDB partnership
- Negative Sentiment: CEO Chirantan “CJ” Desai’s abrupt move to Meta remains the key risk. MongoDB appointed former CEO Dev Ittycheria as interim chief executive, but investors remain concerned about leadership continuity and the possibility that Meta’s new enterprise AI initiative could compete with MongoDB. Stifel, Stephens and BMO lowered their price targets, despite maintaining positive or neutral ratings.
About MongoDB
MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.
The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.
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