MongoDB’s (MDB) “Buy” Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of MongoDB (NASDAQ:MDB) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $560.00 target price on the stock.

Several other analysts also recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $470.00 target price (up from $400.00) on shares of MongoDB in a research note on Wednesday. Wall Street Zen cut MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Truist Financial lifted their price objective on shares of MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Royal Bank Of Canada lifted their price objective on shares of MongoDB from $395.00 to $515.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Trading Down 4.1%

Shares of NASDAQ:MDB opened at $368.74 on Wednesday. The firm’s 50 day moving average is $374.27 and its two-hundred day moving average is $322.83. The firm has a market capitalization of $29.66 billion, a P/E ratio of 519.35, a PEG ratio of 52.65 and a beta of 1.58. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The business’s revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Analysts predict that MongoDB will post 0.37 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Hope Cochran sold 1,000 shares of the stock in a transaction on 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 directly owned 29,326 shares of the company’s stock, valued at approximately $10,264,100. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $451.75, for a total value of $2,710,500.00. Following the transaction, the director directly owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. The trade was 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 sold 40,696 shares of company stock worth $16,098,655 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in MongoDB during the fourth quarter worth about $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB in the 1st quarter valued at about $34,000. Smallwood Wealth Investment Management LLC acquired a new stake in MongoDB in the 2nd quarter valued at about $34,000. NBH Bank bought a new position in shares of MongoDB during the 2nd quarter valued at about $34,000. Finally, CX Institutional boosted its position in shares of MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Trending Headlines about MongoDB

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

MongoDB Company Profile

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.