MongoDB (NASDAQ:MDB) Raised to “Strong-Buy” at KGI Securities

MongoDB (NASDAQ:MDB) was upgraded by stock analysts at KGI Securities to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other brokerages have also commented on MDB. Monness Crespi & Hardt upped their price target on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Canaccord Genuity Group upped their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Needham & Company LLC increased their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus set a $435.00 target price on MongoDB in a report on Friday, May 29th. Finally, Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.41.

MongoDB Stock Performance

NASDAQ MDB traded down $20.79 during trading hours on Wednesday, hitting $342.08. 1,401,758 shares of the company’s stock were exchanged, compared to its average volume of 1,434,766. The business’s 50 day moving average is $330.89 and its 200-day moving average is $327.77. MongoDB has a 12-month low of $198.47 and a 12-month high of $444.72. The firm has a market capitalization of $27.51 billion, a P/E ratio of -924.54, a price-to-earnings-growth ratio of 1,308.71 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. 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 anticipate that MongoDB will post 0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares in the company, valued at approximately $61,980,727.92. The trade was a 19.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the completion of the transaction, the director owned 983,316 shares of the company’s stock, valued at $348,005,365.56. This trade represents a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 139,746 shares of company stock valued at $50,247,978. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently bought and sold shares of MDB. Cornerstone Planning Group LLC increased its stake in shares of 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 acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in MongoDB in the 4th quarter worth approximately $28,000. International Assets Investment Management LLC bought a new stake in shares of MongoDB during the 4th quarter worth $33,000. Cassaday & Co Wealth Management LLC bought a new stake in MongoDB during the first quarter valued at about $34,000. Finally, CX Institutional grew its holdings in MongoDB by 94.3% in the 2nd 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. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: KGI Securities upgraded MongoDB to strong-buy, adding to recent upbeat analyst sentiment around the stock. Zacks.com
• Positive Sentiment: Needham raised its price target on MongoDB to $430 from $400 and reiterated a buy rating, implying meaningful upside from current levels.
• Positive Sentiment: Truist also lifted its price target to $400 and kept a buy rating, reinforcing confidence in MongoDB’s growth outlook.
• Neutral Sentiment: MongoDB shareholders approved governance changes at the annual meeting, a routine corporate development that may be viewed as a long-term governance improvement. Article
• Neutral Sentiment: Citi highlighted AI beneficiaries ahead of software earnings, with MongoDB potentially benefiting from continued enterprise AI spending, though the note was broader industry commentary rather than a direct company-specific update. Article
• Negative Sentiment: Despite the favorable analyst action, MongoDB stock has been under pressure in recent trading, suggesting investors are taking profits or rotating out of the name even after positive fundamental and rating news. Article

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.