MongoDB (NASDAQ:MDB) Stock Keeps “Overweight” Rating at Cantor Fitzgerald

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating reissued by Cantor Fitzgerald in a research report issued to clients and investors on Friday, Marketbeat reports. They currently have a $540.00 price objective on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 51.14% from the stock’s previous close.

MDB has been the subject of a number of other research reports. Truist Financial boosted their target price on shares of MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. The Goldman Sachs Group upped their price objective on shares of MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $465.00 price objective on shares of MongoDB in a research note on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research note on Wednesday, September 2nd. Finally, Citigroup restated a “market outperform” rating on shares of MongoDB in a report on Monday. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.59.

MongoDB Stock Up 1.6%

MDB stock traded up $5.56 during trading on Friday, hitting $357.29. The company had a trading volume of 2,043,847 shares, compared to its average volume of 2,027,353. The firm has a market capitalization of $28.78 billion, a P/E ratio of 502.97, a PEG ratio of 37.45 and a beta of 1.75. The company has a 50 day simple moving average of $389.89 and a 200-day simple moving average of $333.01. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the previous 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. Sell-side analysts forecast that MongoDB will post 0.47 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the transaction, the director owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 MongoDB stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director owned 28,326 shares in the company, valued at $10,648,309.92. This represents a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 17,000 shares of company stock worth $7,792,320. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently made changes to their positions in MDB. Versant Capital Management Inc boosted its stake in shares of MongoDB by 8.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,712 shares of the company’s stock valued at $597,000 after purchasing an additional 137 shares in the last quarter. QRG Capital Management Inc. lifted its position in MongoDB by 10.3% during the 2nd quarter. QRG Capital Management Inc. now owns 1,341 shares of the company’s stock worth $450,000 after buying an additional 125 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in MongoDB by 59.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company’s stock worth $2,433,000 after purchasing an additional 2,697 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in MongoDB during the 2nd quarter worth about $252,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of MongoDB by 36.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company’s stock valued at $877,000 after acquiring an additional 701 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its “Overweight” rating and set a $540 price target, implying substantial upside from the current level and providing the strongest bullish analyst signal in the latest updates. Benzinga coverage
• Positive Sentiment: Citizens JMP reiterated its Market Outperform rating, while Royal Bank of Canada reaffirmed its Outperform rating, indicating continued Wall Street confidence in MongoDB’s growth outlook. Citizens JMP rating RBC rating
• Positive Sentiment: MongoDB’s Investor Day highlighted an expanding artificial-intelligence opportunity and higher long-term growth ambitions. Bank of America described the event as a net positive and maintained its Buy rating, with management targeting at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity—29,206 contracts, approximately 40% above typical volume—suggests increased speculative interest in further share gains, although options activity is not a fundamental catalyst. MongoDB call-options activity
• Neutral Sentiment: Investors are also focused on MongoDB’s upcoming leadership transition, with commentary questioning how the next CEO could affect strategy and execution. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, tempering the bullish analyst outlook. BMO price-target update Stephens price-target update
• Negative Sentiment: The stock remains below its post-earnings level, having declined about 7.1% since the latest report as investors reassess forward estimates despite MongoDB’s earnings and revenue beat. Post-earnings MongoDB analysis

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.