MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Rating of “Moderate Buy” from Brokerages

MongoDB, Inc. (NASDAQ:MDB) has earned an average rating of “Moderate Buy” from the thirty-six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $439.7188.

Several research analysts recently issued reports on MDB shares. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. UBS Group raised their price target on MongoDB from $350.00 to $460.00 and gave the company a “neutral” rating in a research report on Monday. Royal Bank Of Canada lifted their price target on MongoDB from $395.00 to $515.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Bank of America upped their price objective on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Needham & Company LLC upped their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 10th.

MongoDB Stock Down 6.5%

NASDAQ:MDB opened at $402.69 on Tuesday. The business’s 50-day moving average price is $357.98 and its two-hundred day moving average price is $318.91. The stock has a market cap of $32.39 billion, a P/E ratio of -1,088.35, a PEG ratio of 3,060.54 and a beta of 1.55. MongoDB has a twelve month low of $212.31 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities research analysts expect that MongoDB will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the transaction, the director directly owned 150,550 shares in the company, valued at $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael J. 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 transaction of $1,783,150.00. Following the transaction, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% 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. Insiders have sold a total of 125,746 shares of company stock worth $49,310,038 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. lifted its stake in MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after acquiring an additional 189,820 shares during the period. Fiera Capital Corp increased its position in MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after purchasing an additional 46,051 shares during the period. M&T Bank Corp raised its holdings in MongoDB by 12,467.7% in the 4th quarter. M&T Bank Corp now owns 323,744 shares of the company’s stock worth $135,872,000 after purchasing an additional 321,168 shares in the last quarter. Exane Asset Management raised its holdings in MongoDB by 35,742.7% in the 4th quarter. Exane Asset Management now owns 26,882 shares of the company’s stock worth $11,282,000 after purchasing an additional 26,807 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of MongoDB by 36.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,858 shares of the company’s stock worth $10,433,000 after purchasing an additional 6,639 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.