MongoDB, Inc. (NASDAQ:MDB) Receives $405.35 Consensus PT from Analysts

MongoDB, Inc. (NASDAQ:MDB) has been given an average rating of “Moderate Buy” by the thirty-five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $405.3548.

MDB has been the topic of a number of research analyst reports. Wedbush boosted their target price on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and issued a $366.00 price objective on shares of MongoDB in a research note on Friday, May 29th. Canaccord Genuity Group lifted their price objective on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Piper Sandler upped their target price on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 target price on shares of MongoDB in a report on Tuesday, May 19th.

MongoDB Price Performance

Shares of MongoDB stock opened at $298.22 on Friday. The firm has a market cap of $23.99 billion, a PE ratio of -806.00, a price-to-earnings-growth ratio of 1,222.21 and a beta of 1.55. MongoDB has a 52 week low of $198.47 and a 52 week high of $444.72. The business’s fifty day simple moving average is $336.75 and its 200-day simple moving average is $319.53.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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 return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period last year, the company earned $1.00 EPS. 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 analysts expect that MongoDB will post 0.02 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total value of $538,782.30. Following the sale, the director owned 25,444 shares in the company, valued at approximately $8,754,008.20. This trade represents a 5.80% 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 a total of 127,746 shares of company stock valued at $47,343,538 in the last 90 days. 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 business. ValueAct Holdings L.P. raised its stake in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. Norges Bank acquired a new position in MongoDB in the fourth quarter valued at $574,821,000. AQR Capital Management LLC boosted its stake in MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after acquiring an additional 1,069,969 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of MongoDB by 611.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock valued at $300,120,000 after purchasing an additional 614,559 shares during the last quarter. Finally, Amundi boosted its position in shares of MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.