MongoDB’s (MDB) “Market Outperform” Rating Reiterated at Citizens Jmp

Citizens Jmp restated their market outperform rating on shares of MongoDB (NASDAQ:MDB) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $519.00 price target on the stock.

Several other research firms have also recently commented on MDB. Bank of America lifted their target price on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Morgan Stanley upped their price target on MongoDB from $380.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $470.00 price target (up from $400.00) on shares of MongoDB in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $453.00 price objective on shares of MongoDB in a research report on Wednesday, August 19th. Finally, Wall Street Zen cut MongoDB from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Two research 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 data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

MongoDB Price Performance

MDB opened at $368.74 on Wednesday. MongoDB has a one year low of $215.68 and a one year high of $473.10. The company’s 50 day simple moving average is $374.27 and its 200-day simple moving average is $322.83. The stock has a market capitalization of $29.66 billion, a P/E ratio of 519.35, a price-to-earnings-growth ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last issued its quarterly 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. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter last year, the business posted $1.00 earnings per share. MongoDB’s revenue for the quarter 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, analysts anticipate that MongoDB will post 0.37 EPS for the current year.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the business’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 directly owned 29,326 shares in the company, valued at approximately $10,264,100. The trade was a 3.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% 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. Over the last quarter, insiders sold 40,696 shares of company stock worth $16,098,655. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MDB. International Assets Investment Management LLC acquired a new position in MongoDB during the fourth quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB in the first quarter worth $34,000. Smallwood Wealth Investment Management LLC bought a new position in shares of MongoDB during the second quarter worth $34,000. NBH Bank bought a new position in shares of MongoDB during the second quarter worth $34,000. Finally, CX Institutional boosted its position in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. 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: 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.