MongoDB, Inc. (NASDAQ:MDB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of MongoDB, Inc. (NASDAQ:MDB) have earned a consensus recommendation of “Moderate Buy” from the thirty-five brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $405.3548.

Several research analysts recently weighed in on MDB shares. Barclays increased their target price on MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. KGI Securities assumed coverage on MongoDB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target for the company. Needham & Company LLC raised their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wall Street Zen lowered MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $366.00 target price on shares of MongoDB in a report on Friday, May 29th.

Insiders Place Their Bets

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares in the company, valued at $59,929,438.50. This represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the completion of the sale, the director directly owned 993,316 shares of the company’s stock, valued at $295,998,234.84. This trade represents a 1.00% 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. In the last 90 days, insiders have sold 127,746 shares of company stock worth $47,343,538. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ValueAct Holdings L.P. lifted its stake in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. State Street Corp grew its stake in MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after purchasing an additional 40,219 shares in the last quarter. Amundi increased its holdings in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares during the last quarter. Geode Capital Management LLC increased its holdings in MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of MongoDB in the 4th quarter valued at approximately $574,821,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of MDB stock opened at $325.88 on Friday. The firm has a market cap of $26.21 billion, a P/E ratio of -880.76, a PEG ratio of 1,315.98 and a beta of 1.55. MongoDB has a 1-year low of $198.47 and a 1-year high of $444.72. The firm’s 50-day simple moving average is $335.87 and its 200-day simple moving average is $316.50.

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

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.