MongoDB (NASDAQ:MDB) Receives Buy Rating from Needham & Company LLC

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $430.00 price objective on the stock. Needham & Company LLC’s price target indicates a potential downside of 0.97% from the company’s current price.

Other analysts have also issued research reports about the company. Piper Sandler boosted their price target on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, May 29th. DA Davidson raised their price objective on MongoDB from $375.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. UBS Group boosted their price objective on MongoDB from $350.00 to $460.00 and gave the company a “neutral” rating in a research note on Monday, August 24th. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. Finally, Rosenblatt Securities raised their price target on MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $464.74.

MongoDB Trading Down 4.2%

Shares of MDB stock opened at $434.21 on Wednesday. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The stock has a market cap of $34.92 billion, a P/E ratio of -1,173.54, a P/E/G ratio of 3,220.66 and a beta of 1.58. The company has a 50 day simple moving average of $369.91 and a two-hundred day simple moving average of $322.27.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter last year, the company posted $1.00 EPS. The company’s revenue 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. As a group, equities analysts forecast that MongoDB will post 0.01 earnings per share for the current year.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the transaction, the director owned 29,326 shares in the company, valued at $10,264,100. This trade represents a 3.30% decrease in their ownership of the stock. The sale 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, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the sale, the director directly owned 452,896 shares in the company, valued at $204,595,768. This trade represents a 1.31% 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 80,696 shares of company stock worth $31,425,055 in the last quarter. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its holdings in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of MongoDB by 3.1% in the second quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock valued at $377,000 after purchasing an additional 34 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares in the last quarter. Basecamp Wealth Advisors LLC increased its position in MongoDB by 14.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after purchasing an additional 36 shares during the last quarter. Finally, Lido Advisors LLC increased its position in MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Results exceeded expectations: Revenue rose 30.5% year over year to $771.8 million, topping estimates of roughly $735 million, while adjusted EPS of $1.90 surpassed consensus near $1.61-$1.62. MongoDB fiscal 2027 second-quarter results
• Positive Sentiment: Atlas and AI demand remain key growth drivers: Atlas revenue increased approximately 29%, while enterprise and other revenue grew about 36%. Management cited record customer additions and increasing AI-related workloads. MongoDB earnings call highlights
• Positive Sentiment: Guidance was raised: Fiscal 2027 revenue is projected at approximately $2.99 billion to $3.03 billion, with the increase primarily tied to a stronger Atlas outlook of about 27% growth. Third-quarter revenue guidance of $756 million to $761 million and adjusted EPS guidance of $1.57 to $1.61 also exceed analyst estimates. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Analyst support improved: Monness Crespi & Hardt raised its price target to $460 and Cantor Fitzgerald lifted its target to $540, both maintaining bullish ratings. MongoDB analyst price-target changes
• Neutral Sentiment: The company remains focused on monetizing AI-native customers, but investors want evidence that AI demand can produce sustained acceleration beyond the current roughly 27%-30% Atlas growth range.
• Negative Sentiment: Strong results may not have been strong enough for the valuation: MongoDB had rallied substantially into earnings, leaving the stock vulnerable to profit-taking and a “sell the news” reaction.
• Negative Sentiment: Profitability and investment concerns weighed on sentiment: AI infrastructure and other capacity costs may pressure margins, while the third-quarter EPS outlook is below the $1.90 delivered in the latest quarter. Broader skepticism toward software stocks added to the selling pressure. MongoDB strong sales but stock declines

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.