Cantor Fitzgerald Reaffirms Overweight Rating for MongoDB (NASDAQ:MDB)

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a report issued on Friday, Marketbeat.com reports. They presently have a $540.00 price objective on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 50.85% from the stock’s current price.

A number of other analysts have also recently commented on MDB. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research report on Monday. Truist Financial lifted their price target on MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Robert W. Baird lifted their price target on MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Evercore reaffirmed an “outperform” rating on shares of MongoDB in a research report on Thursday, September 24th. Finally, Mizuho set a $460.00 price objective on shares of MongoDB in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.59.

MongoDB Stock Performance

MDB stock traded up $6.23 during trading on Friday, reaching $357.96. The company had a trading volume of 2,684,350 shares, compared to its average volume of 2,030,976. The firm has a 50-day simple moving average of $389.89 and a 200-day simple moving average of $333.01. The company has a market cap of $28.84 billion, a price-to-earnings ratio of 504.17, a price-to-earnings-growth ratio of 37.45 and a beta of 1.75. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The company 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%. MongoDB’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the business 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. Sell-side analysts expect that MongoDB will post 0.47 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director directly owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. 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 Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the sale, the director directly owned 962,953 shares in the company, valued at $453,156,052.27. This trade represents a 1.03% 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 have sold a total of 17,000 shares of company stock valued at $7,792,320 in the last quarter. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its holdings in MongoDB by 21.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock worth $560,872,000 after purchasing an additional 239,338 shares during the period. Capital World Investors raised its holdings in MongoDB by 129.1% in the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock worth $411,373,000 after purchasing an additional 552,434 shares during the period. Fred Alger Management LLC raised its holdings in MongoDB by 7.3% in the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock worth $235,704,000 after purchasing an additional 38,225 shares during the period. Bank of America Corp DE raised its holdings in MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after purchasing an additional 1,852 shares during the period. 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 worth $134,616,000 after purchasing an additional 195,250 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key MongoDB News

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 referenced share price. Cantor Fitzgerald rating report
• Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
• Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
• Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
• Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance 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.