MongoDB (NASDAQ:MDB) Price Target Raised to $515.00

MongoDB (NASDAQ:MDB) had its price target lifted by Royal Bank Of Canada from $395.00 to $515.00 in a research report released on Thursday, MarketBeat reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on the company. Truist Financial upped their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. KGI Securities started coverage on MongoDB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price on the stock. Piper Sandler lifted their target price on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Weiss Ratings restated a “sell (e+)” rating on shares of MongoDB in a research note on Friday, July 24th. Finally, Bank of America upped their price target on MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $414.23.

MongoDB Trading Down 2.5%

MDB opened at $460.33 on Thursday. The stock has a market capitalization of $37.02 billion, a P/E ratio of -1,244.14, a P/E/G ratio of 1,886.60 and a beta of 1.55. MongoDB has a 12 month low of $206.92 and a 12 month high of $473.10. The firm’s fifty day simple moving average is $348.47 and its 200 day simple moving average is $317.59.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities research analysts predict that MongoDB will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction on 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 sale, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 MongoDB stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at approximately $534,945. This trade represents a 76.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 115,746 shares of company stock worth $43,783,518 in the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its holdings in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in MongoDB in the 4th quarter worth about $33,000. Cassaday & Co Wealth Management LLC bought a new stake in MongoDB in the 1st quarter valued at about $34,000. CX Institutional grew its position in shares of MongoDB by 94.3% during the 2nd 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. Finally, Root Financial Partners LLC increased its holdings in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the period. 89.29% of the stock is owned by institutional investors.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: RBC raised its price target to $515 from $395 and maintained an “outperform” rating, implying additional upside based on expectations for continued Atlas growth and stronger AI-related demand. Benzinga report
• Positive Sentiment: MongoDB introduced new AI retrieval capabilities for Atlas, including Voyage AI embedding and reranking models, automated embeddings, the voyage-code-4 model, and vector search through Atlas Stream Processing. These tools are designed to improve the accuracy and cost efficiency of AI applications and agents. MongoDB Atlas retrieval announcement
• Positive Sentiment: Atlas is being integrated directly into major agentic coding tools, including Claude Code, Codex, Grok Build, and Devin, through a fully managed MCP Server. The move could increase developer adoption and reinforce MongoDB’s position as a data platform for AI applications. MongoDB agentic coding announcement
• Neutral Sentiment: Investors are focused on MongoDB’s upcoming fiscal second-quarter results. RBC expects continued Atlas momentum and growth in MongoDB’s AI-native customer base, but the earnings report will need to validate those expectations. RBC Atlas growth preview
• Neutral Sentiment: September 1 has been flagged as an important date for MongoDB investors, potentially providing another near-term catalyst, though the available report does not specify the event details. September 1 MongoDB investor date

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.