MongoDB, Inc. (MDB) – What Are Investment Firms Thinking About This Stock?

MongoDB, Inc. (NASDAQ:MDB) has been given a consensus recommendation of “Moderate Buy” by the thirty-seven ratings firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $462.91.

MDB has been the topic of a number of analyst reports. Stephens decreased their target price on shares of MongoDB from $398.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 30th. Scotiabank reaffirmed a “sector outperform” rating and set a $450.00 target price (up from $440.00) on shares of MongoDB in a report on Thursday. Wells Fargo & Company lifted their price target on shares of MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Needham & Company LLC reiterated a “buy” rating and issued a $430.00 price target on shares of MongoDB in a research report on Wednesday, September 30th. Finally, The Goldman Sachs Group boosted their price target on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd.

Insider Buying and Selling

In other MongoDB 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 completion of the transaction, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. The trade was a 3.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of MongoDB stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total value of $216,490.75. Following the completion of the transaction, the director directly owned 45,237 shares of the company’s stock, valued at $16,459,482.45. This represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,595 shares of company stock valued at $8,008,811 over the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

Large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership boosted its position in MongoDB by 21.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after buying an additional 239,338 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of MongoDB by 7.3% during the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock worth $235,704,000 after buying an additional 38,225 shares in the last quarter. Employees Provident Fund Board acquired a new position in shares of MongoDB during the fourth quarter worth $203,365,000. Polar Capital Holdings Plc increased its holdings in shares of MongoDB by 730.6% during the fourth quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock worth $180,973,000 after buying an additional 379,289 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in shares of MongoDB by 14.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 428,495 shares of the company’s stock valued at $179,835,000 after acquiring an additional 52,776 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MongoDB stock opened at $385.93 on Wednesday. The firm has a 50-day moving average of $395.79 and a 200-day moving average of $337.13. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10. The stock has a market cap of $31.09 billion, a PE ratio of 543.56, a PEG ratio of 41.46 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period last year, the firm earned $1.00 earnings per share. MongoDB’s revenue for the quarter was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities research analysts predict that MongoDB will post 0.47 earnings per share for the current fiscal year.

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.