MongoDB, Inc. (NASDAQ:MDB) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of MongoDB, Inc. (NASDAQ:MDB) have been given a consensus rating of “Moderate Buy” by the thirty-five ratings firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-six have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $471.8065.

A number of equities analysts have commented on the stock. Scotiabank restated an “outperform” rating on shares of MongoDB in a research note on Wednesday, September 2nd. Sanford C. Bernstein upped their price objective on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. DA Davidson reissued a “buy” rating and set a $465.00 target price on shares of MongoDB in a research report on Wednesday, September 2nd. 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 report on Wednesday, September 2nd. Finally, Monness Crespi & Hardt boosted their price objective on shares of MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd.

MongoDB Trading Down 2.5%

MDB stock opened at $383.56 on Friday. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The company has a 50-day moving average price of $378.38 and a 200 day moving average price of $325.27. The stock has a market cap of $30.90 billion, a PE ratio of 540.23, a P/E/G ratio of 42.27 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same period in the prior year, the business posted $1.00 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts forecast that MongoDB will post 0.47 EPS for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was 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 directly 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director owned 29,326 shares in the company, valued at approximately $10,264,100. This represents a 3.30% 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. In the last three months, insiders have sold 18,130 shares of company stock valued at $8,144,102. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of MongoDB by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after buying an additional 9,693 shares in the last quarter. Norges Bank acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $574,821,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of MongoDB by 21.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock worth $560,872,000 after acquiring an additional 239,338 shares during the period. Capital World Investors boosted its holdings 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 purchasing an additional 552,434 shares during the last quarter. Finally, Fred Alger Management LLC lifted its holdings in MongoDB by 7.3% in the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after acquiring an additional 38,225 shares during 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.