MongoDB’s (MDB) Buy Rating Reiterated at Needham & Company LLC

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

A number of other analysts also recently issued reports on MDB. Wedbush raised their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Guggenheim boosted their price objective on shares of MongoDB from $475.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Piper Sandler increased their target price on shares of MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Barclays raised their target price on shares of MongoDB from $387.00 to $460.00 and gave the stock an “overweight” rating in a report on Wednesday, August 26th. Finally, Citizens Jmp lifted their price target on shares of MongoDB from $366.00 to $519.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $464.74.

MongoDB Price Performance

Shares of MDB stock opened at $434.21 on Wednesday. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock’s 50 day simple moving average is $369.91 and its two-hundred day simple moving average is $322.27. The company has a market cap of $34.92 billion, a PE ratio of -1,173.54, a price-to-earnings-growth ratio of 3,220.66 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the company earned $1.00 EPS. 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 expect that MongoDB will post 0.01 EPS for the current year.

Insider Activity at MongoDB

In other news, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the sale, the director owned 983,316 shares of the company’s stock, valued at $348,005,365.56. The trade was a 1.01% 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. In the last three months, insiders have sold 80,696 shares of company stock valued at $31,425,055. Company insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. Integrated Wealth Concepts LLC boosted its holdings in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares during the period. NewEdge Advisors LLC grew its stake in MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in MongoDB during the 2nd quarter worth $329,000. Cresset Asset Management LLC increased its holdings in MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after purchasing an additional 370 shares during the period. Finally, Cerity Partners LLC raised its position in MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,697 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

More MongoDB News

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.