MongoDB (NASDAQ:MDB) Given “Buy” Rating at Needham & Company LLC

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports. They currently have a $430.00 price objective on the stock. Needham & Company LLC’s target price indicates a potential upside of 20.10% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Tigress Financial upped their price target on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. 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 on the stock. William Blair reissued an “outperform” rating on shares of MongoDB in a research note on Monday. Weiss Ratings raised shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Finally, Robert W. Baird increased their target price on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $465.25.

MongoDB Price Performance

NASDAQ:MDB traded up $20.86 during mid-day trading on Wednesday, hitting $358.05. The company’s stock had a trading volume of 2,912,286 shares, compared to its average volume of 2,002,372. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock has a market cap of $28.84 billion, a price-to-earnings ratio of 502.58, a PEG ratio of 35.95 and a beta of 1.58. The business’s fifty day moving average is $387.97 and its two-hundred day moving average is $331.74.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the prior year, the company earned $1.00 earnings per share. The firm’s revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Analysts anticipate that MongoDB will post 0.47 EPS for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $470.59, for a total value of $4,705,900.00. Following the transaction, the director directly owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. This trade represents a 1.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the transaction, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. This represents a 3.41% 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 sold a total of 17,000 shares of company stock worth $7,792,320 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its stake in MongoDB by 21.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after buying an additional 239,338 shares in the last quarter. Capital World Investors lifted its stake in MongoDB by 129.1% in the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after buying an additional 552,434 shares in the last quarter. Fred Alger Management LLC lifted its stake in MongoDB by 7.3% in the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after buying an additional 38,225 shares in the last quarter. Bank of America Corp DE lifted its stake in MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after buying an additional 1,852 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after acquiring an additional 195,250 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB launched MongoDB 9.0, which offers up to 2x higher throughput, 35% faster reads and 30% faster updates, along with Atlas Infinite, a deployment option designed to handle highly variable AI-driven demand. These capabilities could support Atlas adoption and enterprise workloads. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: The company introduced Atlas Agent Engine, a platform combining execution, memory, retrieval and governance for production AI agents. MongoDB also partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. MongoDB launches Atlas Agent Engine
• Positive Sentiment: Analysts continue to see long-term upside. Needham reaffirmed a “buy” rating with a $430 target, while BMO Capital Markets and Stifel maintained bullish ratings despite reducing their targets to $420 and $385, respectively. Stephens assigned an “equal weight” rating with a $372 target.
• Neutral Sentiment: The board appointed former CEO Dev Ittycheria as interim chief executive and reaffirmed its third-quarter and full-year fiscal 2027 guidance, suggesting the leadership transition has not yet changed operating expectations. Investors will look for evidence of continuity at Investor Day and in upcoming results. MongoDB stock drops after CEO exit
• Negative Sentiment: Desai’s sudden exit, less than a year into his tenure and immediately before Investor Day, raised concerns about strategic continuity and execution. His move to Meta also creates a potential competitive threat because Meta’s enterprise platform may target the same developers and corporate customers as MongoDB. MongoDB falls after CEO Desai’s exit
• Negative Sentiment: The target-price reductions reflect greater uncertainty and a valuation that leaves limited room for execution mistakes. MongoDB’s elevated valuation and relatively thin net margin make the stock particularly sensitive to leadership, growth and competitive concerns.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.