MongoDB’s (MDB) Buy Rating Reaffirmed at Needham & Company LLC

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reissued by Needham & Company LLC in a report released on Wednesday, Benzinga reports. They currently have a $430.00 target price on the stock. Needham & Company LLC’s target price would suggest a potential upside of 20.28% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a report on Wednesday, September 2nd. Canaccord Genuity Group upped their price target on shares of MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Sanford C. Bernstein increased their target price on shares of MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Morgan Stanley increased their target price on shares of MongoDB from $380.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Finally, Truist Financial increased their target price on shares of MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $465.25.

MongoDB Price Performance

MDB traded up $20.30 during trading on Wednesday, hitting $357.49. The company had a trading volume of 3,365,005 shares, compared to its average volume of 2,007,138. The company has a market cap of $28.80 billion, a PE ratio of 505.65, a P/E/G ratio of 35.95 and a beta of 1.58. The business has a 50-day moving average of $387.97 and a 200-day moving average of $331.74. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The firm had revenue of $771.77 million for 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 quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the company 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. Research analysts forecast that MongoDB will post 0.47 earnings per share for the current year.

Insider Activity

In related news, Director Dwight A. Merriman sold 10,000 shares of the 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 completion of the transaction, the director owned 962,953 shares in the company, valued at $453,156,052.27. This represents a 1.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the 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 owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This represents a 3.41% decrease in their position. 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 17,000 shares of company stock valued at $7,792,320 in the last 90 days. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. Fiera Capital Corp boosted its position in shares of MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after purchasing an additional 46,051 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in shares of MongoDB by 48.7% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after purchasing an additional 6,819 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of MongoDB by 19.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after purchasing an additional 21,273 shares in the last quarter. Entropy Technologies LP bought a new position in shares of MongoDB during the 4th quarter valued at about $6,050,000. Finally, Daventry Group LP boosted its position in shares of MongoDB by 21.3% during the 1st quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after purchasing an additional 14,412 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Investor Day highlighted new AI growth drivers. MongoDB introduced MongoDB 9.0, Atlas Infinite and Atlas Agent Engine. The company said MongoDB 9.0 can deliver up to twice the throughput, 35% faster reads and 30% faster updates, while Atlas Infinite is designed to handle unpredictable AI-driven demand. Management also outlined targets for more than 20% revenue growth, mid-20% Atlas growth, annual margin expansion of 100–200 basis points and GAAP profitability by fiscal 2027. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: Analysts remain broadly constructive. Citizens JMP reaffirmed “market outperform” with a $519 price target, RBC maintained “outperform” at $465, Needham reiterated “buy” at $430 and BMO kept an “outperform” rating with a $420 target. A Seeking Alpha contributor also upgraded MDB to “buy” following Investor Day. MongoDB CEO’s parting gift to bulls
• Positive Sentiment: Options activity suggests increased bullish positioning. Traders bought 29,206 call options, approximately 40% above the stock’s average daily call volume, indicating heightened speculative interest.
• Neutral Sentiment: MongoDB partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. The partnership could support adoption, although its financial impact is not yet clear. Cognition and MongoDB partnership
• Negative Sentiment: CEO Chirantan “CJ” Desai’s abrupt move to Meta remains the key risk. MongoDB appointed former CEO Dev Ittycheria as interim chief executive, but investors remain concerned about leadership continuity and the possibility that Meta’s new enterprise AI initiative could compete with MongoDB. Stifel, Stephens and BMO lowered their price targets, despite maintaining positive or neutral ratings.

About MongoDB

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.