MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Rating of “Moderate Buy” from Analysts

MongoDB, Inc. (NASDAQ:MDB) has been assigned a consensus rating of “Moderate Buy” from the thirty-five ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty-seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $396.3871.

A number of brokerages have recently issued reports on MDB. Barclays increased their target price on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $366.00 price objective on shares of MongoDB in a report on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Canaccord Genuity Group increased their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Citigroup reissued a “buy” rating on shares of MongoDB in a report on Monday, June 8th.

MongoDB Price Performance

Shares of MongoDB stock opened at $354.88 on Monday. The firm has a market cap of $28.54 billion, a price-to-earnings ratio of -959.14, a price-to-earnings-growth ratio of 1,279.90 and a beta of 1.55. MongoDB has a 52-week low of $198.47 and a 52-week high of $444.72. The company’s 50-day simple moving average is $321.07 and its 200-day simple moving average is $329.41.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter last year, the firm earned $1.00 earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Equities research analysts anticipate that MongoDB will post 0.02 EPS for the current year.

Insider Activity at MongoDB

In related news, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the sale, the director owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the transaction, the director owned 983,316 shares in the company, valued at $348,005,365.56. The trade was a 1.01% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 139,746 shares of company stock worth $50,247,978. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On MongoDB

Several institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC increased its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in MongoDB during the fourth quarter worth $28,000. Huntington National Bank grew its holdings in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in MongoDB in the fourth quarter valued at $33,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of MongoDB in the first quarter valued at $34,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.