MongoDB (NASDAQ:MDB) Price Target Raised to $440.00

MongoDB (NASDAQ:MDB) had its price target increased by Scotiabank from $395.00 to $440.00 in a report published on Wednesday,Benzinga reports. The firm currently has a sector outperform rating on the stock.

MDB has been the subject of several other research reports. Oppenheimer upped their price objective on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Guggenheim reiterated a “buy” rating and set a $560.00 target price on shares of MongoDB in a research report on Wednesday. Wedbush boosted their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. DA Davidson restated a “buy” rating and issued a $465.00 price target on shares of MongoDB in a research report on Wednesday. Finally, BMO Capital Markets dropped their price target on shares of MongoDB from $500.00 to $450.00 and set an “outperform” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $471.81.

MongoDB Stock Down 4.1%

Shares of MDB stock opened at $368.74 on Wednesday. The firm has a market capitalization of $29.66 billion, a P/E ratio of 519.35, a P/E/G ratio of 52.65 and a beta of 1.58. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10. The stock’s fifty day simple moving average is $374.27 and its 200 day simple moving average is $322.83.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. 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 0.37 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares of the company’s stock, valued at approximately $534,945. This represents a 76.92% decrease in their position. The transaction 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 Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the transaction, the director owned 25,444 shares of the company’s stock, valued at approximately $8,754,008.20. The trade was a 5.80% 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. Insiders have sold a total of 40,696 shares of company stock valued at $16,098,655 over the last ninety days. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after buying an additional 189,820 shares during the period. Fiera Capital Corp grew its holdings in MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after acquiring an additional 46,051 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in MongoDB by 48.7% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after acquiring an additional 6,819 shares during the period. Assenagon Asset Management S.A. raised its position in shares of MongoDB by 19.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock worth $43,022,000 after acquiring an additional 21,273 shares in the last quarter. Finally, Bluebird Wealth Management LLC bought a new position in shares of MongoDB in the 4th quarter worth about $1,802,000. 89.29% of the stock is owned by institutional investors.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

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.