MongoDB, Inc. (NASDAQ:MDB) Stock Has Consensus Price Target of $461.91 According to Analysts

Shares of MongoDB, Inc. (NASDAQ:MDB) have earned a consensus rating of “Moderate Buy” from the thirty-eight ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, twenty-nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $461.91.

Several brokerages have weighed in on MDB. The Goldman Sachs Group increased their target price on MongoDB from $453.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Stifel Nicolaus reduced their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of MongoDB in a report on Wednesday, September 30th.

MongoDB Trading Up 1.5%

NASDAQ:MDB opened at $335.37 on Friday. The stock has a 50 day moving average of $379.47 and a 200-day moving average of $338.40. The firm has a market capitalization of $27.02 billion, a PE ratio of 1,436.65, a price-to-earnings-growth ratio of 30.08 and a beta of 1.74. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same quarter last year, the business posted $1.00 EPS. The business’s revenue was up 30.5% on a year-over-year basis. 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 predict that MongoDB will post 0.50 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, Director Charles Hazard, Jr. sold 595 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total value of $216,490.75. Following the completion of the transaction, the director owned 45,237 shares in the company, valued at approximately $16,459,482.45. This represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Archana Agrawal sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. This trade represents a 18.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 32,595 shares of company stock valued at $13,465,211. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Bank of America Corp DE raised its position in MongoDB by 0.3% in the first quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after acquiring an additional 1,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after acquiring an additional 195,250 shares during the last quarter. Amundi lifted its holdings in MongoDB by 17.8% in the 1st quarter. Amundi now owns 376,447 shares of the company’s stock valued at $92,143,000 after acquiring an additional 56,888 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of MongoDB by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 373,992 shares of the company’s stock valued at $91,514,000 after purchasing an additional 11,606 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of MongoDB by 125.3% during the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock valued at $89,979,000 after purchasing an additional 204,446 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

About MongoDB

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.