MongoDB’s (MDB) Buy Rating Reiterated at DA Davidson

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reaffirmed by stock analysts at DA Davidson in a note issued to investors on Friday,Benzinga reports. They presently have a $375.00 price target on the stock. DA Davidson’s target price indicates a potential upside of 14.27% from the company’s current price.

Several other research firms have also recently commented on MDB. Wells Fargo & Company dropped their target price on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Needham & Company LLC reaffirmed an “overweight” rating on shares of MongoDB in a research report on Friday. Bank of America raised their target price on shares of MongoDB from $375.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday. Cantor Fitzgerald raised their target price on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Wedbush raised their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $388.10.

MongoDB Price Performance

MDB traded up $2.50 during trading on Friday, hitting $328.18. 7,403,868 shares of the stock traded hands, compared to its average volume of 1,971,243. The firm has a market capitalization of $26.38 billion, a P/E ratio of -371.70 and a beta of 1.48. The firm has a 50-day moving average of $272.10 and a 200 day moving average of $333.73. MongoDB has a 12-month low of $182.43 and a 12-month high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, equities analysts predict that MongoDB will post -0.46 EPS for the current fiscal year.

Insider Activity

In related news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the transaction, the director directly owned 993,316 shares in the company, valued at $295,998,234.84. This trade represents a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 31,566 shares of company stock valued at $8,744,791. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MDB. Integrated Wealth Concepts LLC increased its stake in shares of MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after acquiring an additional 327 shares in the last quarter. NewEdge Advisors LLC raised its holdings in MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in MongoDB in the second quarter worth about $329,000. Cresset Asset Management LLC raised its holdings in MongoDB by 13.4% in the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after buying an additional 370 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after buying an additional 2,697 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Q1 expectations, reporting adjusted earnings of $1.32 per share and revenue of $687.6 million, both ahead of estimates, with revenue up 25% year over year. The company also highlighted strong Atlas cloud growth, customer expansion, and improved margins. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised fiscal 2027 guidance, with next-quarter and full-year outlooks coming in well above Wall Street expectations, signaling confidence in continued demand across enterprise and AI use cases. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Analysts turned more constructive after the report, with multiple firms raising price targets, including Citigroup, Scotiabank, Barclays, BofA, Wedbush, Oppenheimer, Mizuho, BMO, Guggenheim, and others, reinforcing the view that the earnings print was stronger than expected.
• Neutral Sentiment: Commentary from some market watchers noted the stock gave back part of its initial after-hours surge, suggesting traders are weighing the strong fundamentals against the valuation and the company’s still-negative GAAP profitability.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.