MongoDB (NASDAQ:MDB) Trading 4.1% Higher – What’s Next?

MongoDB, Inc. (NASDAQ:MDB)’s stock price was up 4.1% during trading on Thursday . The stock traded as high as $374.36 and last traded at $373.1390. 489,326 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 1,899,280 shares. The stock had previously closed at $358.38.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MDB shares. Monness Crespi & Hardt boosted their price objective on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Evercore initiated coverage on MongoDB in a research note on Friday, August 21st. They set an “outperform” rating and a $525.00 target price on the stock. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. The Goldman Sachs Group raised their price target on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Finally, Morgan Stanley upped their price objective on shares of MongoDB from $380.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

MongoDB Trading Down 3.1%

The business’s fifty day moving average is $375.79 and its 200 day moving average is $323.06. The firm has a market capitalization of $29.13 billion, a P/E ratio of 510.15, a P/E/G ratio of 39.47 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last 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, sell-side analysts predict that MongoDB, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total value 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. This trade represents a 5.80% 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, 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 transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. This represents a 76.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,696 shares of company stock worth $12,559,555 in the last three months. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in MongoDB during the 4th quarter worth approximately $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB in the first quarter valued at $34,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of MongoDB in the second quarter worth $34,000. NBH Bank acquired a new stake in shares of MongoDB in the second quarter worth $34,000. Finally, CX Institutional grew its holdings in shares of MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.