MongoDB (NASDAQ:MDB) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of MongoDB (NASDAQ:MDB) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks reports.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson restated a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research report on Wednesday. Bank of America upped their target price on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Piper Sandler restated an “overweight” rating and set a $470.00 price target (up from $400.00) on shares of MongoDB in a research report on Wednesday. Finally, Monness Crespi & Hardt raised their price objective on MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $471.81.

MongoDB Stock Down 4.1%

MongoDB stock opened at $368.74 on Thursday. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The business has a 50-day simple moving average of $374.27 and a 200 day simple moving average of $322.83. The stock has a market cap of $29.66 billion, a price-to-earnings ratio of 519.35, a PEG ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results 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. The firm had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, research analysts anticipate that MongoDB will post 0.37 earnings per share for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight Merriman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was 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 represents a 1.01% 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, CFO Michael Berry sold 5,000 shares of MongoDB stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% decrease in their ownership of the stock. 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 have sold a total of 40,696 shares of company stock worth $16,098,655 in the last 90 days. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. Parkside Financial Bank & Trust boosted its stake in shares of MongoDB by 27.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock valued at $60,000 after purchasing an additional 38 shares in the last quarter. Corient Private Wealth LP increased its position in shares of MongoDB by 27.3% during the second quarter. Corient Private Wealth LP now owns 45,298 shares of the company’s stock valued at $15,216,000 after buying an additional 9,702 shares during the period. California State Teachers Retirement System raised its stake in MongoDB by 32,986.4% in the second quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock worth $13,277,581,000 after buying an additional 39,408,906 shares in the last quarter. Wedmont Private Capital raised its stake in MongoDB by 13.4% in the second quarter. Wedmont Private Capital now owns 1,068 shares of the company’s stock worth $365,000 after buying an additional 126 shares in the last quarter. Finally, Herbst Group LLC purchased a new stake in MongoDB in the second quarter worth about $202,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

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.