MongoDB, Inc. (NASDAQ:MDB) Given Average Recommendation of “Moderate Buy” by Analysts

MongoDB, Inc. (NASDAQ:MDB) has received an average recommendation of “Moderate Buy” from the thirty-six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-eight have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $396.3871.

Several analysts have recently weighed in on the company. Truist Financial lowered their target price on MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Citigroup restated a “buy” rating on shares of MongoDB in a research note on Monday. BMO Capital Markets raised their target price on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Wells Fargo & Company lowered their target price on MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $385.00 target price on shares of MongoDB in a research note on Tuesday, May 26th.

MongoDB Trading Up 0.5%

Shares of NASDAQ MDB opened at $352.56 on Thursday. MongoDB has a 12-month low of $196.00 and a 12-month high of $444.72. The company has a market cap of $28.36 billion, a P/E ratio of -952.86, a P/E/G ratio of 1,505.91 and a beta of 1.57. The stock has a fifty day moving average price of $287.60 and a 200 day moving average price of $334.42.

MongoDB (NASDAQ:MDB) last announced its quarterly 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. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period in the prior year, the firm earned $1.00 EPS. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. 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, sell-side analysts forecast that MongoDB will post 0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director owned 27,010 shares of the company’s stock, valued at $9,453,500. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 that occurred on Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at approximately $148,322,822.08. This trade represents a 1.26% decrease in their position. 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 116,616 shares of company stock valued at $41,956,174 over the last ninety days. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in MDB. ValueAct Holdings L.P. raised its holdings in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the last quarter. Norges Bank bought a new stake in shares of MongoDB during the fourth quarter valued at approximately $574,821,000. AQR Capital Management LLC raised its holdings in shares of MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. raised its holdings in shares of MongoDB by 162.1% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of MongoDB by 162.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock valued at $340,505,000 after buying an additional 678,746 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

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.