MongoDB (NASDAQ:MDB) Price Target Raised to $460.00

MongoDB (NASDAQ:MDB) had its price objective boosted by Monness Crespi & Hardt from $415.00 to $460.00 in a research note released on Monday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Needham & Company LLC boosted their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Citizens Jmp raised their target price on shares of MongoDB from $366.00 to $519.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 19th. Royal Bank Of Canada lifted their target price on shares of MongoDB from $395.00 to $515.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Tigress Financial upped their price target on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Citigroup reissued an “outperform” rating on shares of MongoDB in a research report 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $471.81.

MongoDB Trading Down 13.5%

MDB opened at $375.40 on Monday. The company has a market cap of $30.19 billion, a P/E ratio of 528.73, a P/E/G ratio of 2,412.28 and a beta of 1.58. The business’s 50-day moving average price is $371.38 and its 200-day moving average price is $322.40. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a return on equity of 1.07% and a net margin of 2.12%.MongoDB’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 forecast that MongoDB will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on 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 sale, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. This trade represents a 1.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 40,696 shares of company stock worth $16,098,655. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Several large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its position in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the period. Moody National Bank Trust Division lifted its position in shares of MongoDB by 3.1% in the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock worth $377,000 after purchasing an additional 34 shares during the period. HighPoint Advisor Group LLC boosted its stake in shares of MongoDB by 2.5% during the 4th 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 boosted its stake in shares of MongoDB by 14.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $70,000 after purchasing an additional 36 shares in the last quarter. Finally, Lido Advisors LLC increased its position in shares of MongoDB by 3.4% during the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after buying an additional 36 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal Q2 revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations of approximately $1.62. MongoDB fiscal second-quarter results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting revenue of approximately $2.99 billion to $3.03 billion and adjusted EPS of $6.39 to $6.58. Third-quarter guidance also topped consensus, with revenue of $756 million to $761 million and EPS of $1.57 to $1.61. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Atlas remained a key growth engine, while Enterprise Advanced revenue increased approximately 36%. Management also cited growing adoption of AI workloads across customer-facing and operational applications. MongoDB Q2 earnings call highlights
• Neutral Sentiment: Analyst opinion remained broadly constructive. Goldman Sachs raised its price target to $520, while Barclays, Mizuho, Scotiabank and Rosenblatt also increased targets. However, UBS and several other firms reduced targets, citing valuation or growth concerns, though most maintained positive ratings.
• Negative Sentiment: Atlas revenue growth of approximately 29% was viewed as insufficient by investors expecting a faster acceleration. Analysts described the quarter as high quality but noted that Atlas growth was broadly consistent with recent periods rather than showing the anticipated inflection. Analysts discuss MongoDB Atlas growth
• Negative Sentiment: Investors also reacted to higher AI and infrastructure spending, which could pressure margins, and to management’s indication that a meaningful Atlas growth inflection may be several quarters away. The sharp selloff suggests the market was priced for stronger near-term growth despite the earnings beat and raised outlook. AI infrastructure costs weigh on MongoDB shares

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.