BMO Capital Markets Cuts MongoDB (NASDAQ:MDB) Price Target to $420.00

MongoDB (NASDAQ:MDB) had its price target reduced by BMO Capital Markets from $450.00 to $420.00 in a research note released on Wednesday, MarketBeat.com reports. They currently have an outperform rating on the stock.

MDB has been the topic of several other reports. Morgan Stanley increased their price target on shares of MongoDB from $380.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Cantor Fitzgerald upped their target price on shares of MongoDB from $416.00 to $540.00 and gave the company an “overweight” rating in a report on Monday, August 31st. Stephens dropped their target price on shares of MongoDB from $398.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research report on Wednesday, September 2nd. Finally, Wells Fargo & Company lifted their price target on shares of MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $462.59.

MongoDB Stock Performance

NASDAQ:MDB opened at $357.96 on Wednesday. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock has a market cap of $28.84 billion, a P/E ratio of 504.17, a P/E/G ratio of 37.79 and a beta of 1.74. The stock has a 50-day simple moving average of $391.09 and a 200-day simple moving average of $333.18.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter 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. On average, equities research analysts predict that MongoDB will post 0.47 EPS for the current year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB 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 $204,595,768. The trade was a 1.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the sale, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This trade represents a 3.41% 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 sold 17,000 shares of company stock valued at $7,792,320 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors raised its holdings in shares of MongoDB by 129.1% in the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after buying an additional 552,434 shares during the last quarter. Employees Provident Fund Board purchased a new position in shares of MongoDB during the fourth quarter worth about $203,365,000. Polar Capital Holdings Plc grew its holdings in shares of MongoDB by 730.6% during the fourth quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock worth $180,973,000 after buying an additional 379,289 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in MongoDB by 21.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after acquiring an additional 239,338 shares during the period. Finally, Sei Investments Co. increased its position in MongoDB by 125.3% in the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock valued at $89,979,000 after acquiring an additional 204,446 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial upside from the referenced share price. Cantor Fitzgerald rating report
• Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
• Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
• Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
• Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance analysis

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.