Rosenblatt Securities Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective increased by equities research analysts at Rosenblatt Securities from $395.00 to $445.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 2.48% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Canaccord Genuity Group boosted 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. DA Davidson lifted their target price on MongoDB from $375.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. KGI Securities started coverage on shares of MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price target for the company. Wedbush raised their price objective on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Scotiabank reissued an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $464.74.

MongoDB Stock Down 4.2%

Shares of NASDAQ MDB opened at $434.21 on Wednesday. The firm has a 50-day simple moving average of $369.91 and a 200-day simple moving average of $322.27. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The stock has a market capitalization of $34.92 billion, a price-to-earnings ratio of -1,173.54, a price-to-earnings-growth ratio of 3,220.66 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. 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, equities research analysts expect that MongoDB will post 0.01 EPS for the current year.

Insider Activity at MongoDB

In other news, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the transaction, the director directly owned 161,762 shares in the company, valued at approximately $61,980,727.92. This represents a 19.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 80,696 shares of company stock worth $31,425,055 over the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. International Assets Investment Management LLC acquired a new position in MongoDB during the fourth quarter worth about $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of MongoDB during the 1st quarter valued at $34,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of MongoDB during the 2nd quarter worth $34,000. NBH Bank bought a new stake in shares of MongoDB during the 2nd quarter worth $34,000. Finally, CX Institutional grew its holdings in shares of MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Results exceeded expectations: Revenue rose 30.5% year over year to $771.8 million, topping estimates of roughly $735 million, while adjusted EPS of $1.90 surpassed consensus near $1.61-$1.62. MongoDB fiscal 2027 second-quarter results
• Positive Sentiment: Atlas and AI demand remain key growth drivers: Atlas revenue increased approximately 29%, while enterprise and other revenue grew about 36%. Management cited record customer additions and increasing AI-related workloads. MongoDB earnings call highlights
• Positive Sentiment: Guidance was raised: Fiscal 2027 revenue is projected at approximately $2.99 billion to $3.03 billion, with the increase primarily tied to a stronger Atlas outlook of about 27% growth. Third-quarter revenue guidance of $756 million to $761 million and adjusted EPS guidance of $1.57 to $1.61 also exceed analyst estimates. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Analyst support improved: Monness Crespi & Hardt raised its price target to $460 and Cantor Fitzgerald lifted its target to $540, both maintaining bullish ratings. MongoDB analyst price-target changes
• Neutral Sentiment: The company remains focused on monetizing AI-native customers, but investors want evidence that AI demand can produce sustained acceleration beyond the current roughly 27%-30% Atlas growth range.
• Negative Sentiment: Strong results may not have been strong enough for the valuation: MongoDB had rallied substantially into earnings, leaving the stock vulnerable to profit-taking and a “sell the news” reaction.
• Negative Sentiment: Profitability and investment concerns weighed on sentiment: AI infrastructure and other capacity costs may pressure margins, while the third-quarter EPS outlook is below the $1.90 delivered in the latest quarter. Broader skepticism toward software stocks added to the selling pressure. MongoDB strong sales but stock declines

About MongoDB

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.