Monness Crespi & Hardt Raises MongoDB (NASDAQ:MDB) Price Target to $415.00

MongoDB (NASDAQ:MDB) had its target price boosted by Monness Crespi & Hardt from $370.00 to $415.00 in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Monness Crespi & Hardt’s target price points to a potential upside of 27.43% from the stock’s current price.

MDB has been the topic of several other research reports. Scotiabank raised MongoDB from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $275.00 to $310.00 in a research note on Thursday, March 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $380.00 target price (up from $335.00) on shares of MongoDB in a research note on Friday. Wedbush cut their target price on MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Truist Financial cut their target price on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Finally, Mizuho raised MongoDB from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $290.00 to $325.00 in a research note on Monday, March 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $378.17.

MongoDB Trading Up 10.6%

NASDAQ:MDB opened at $325.68 on Friday. The firm has a market capitalization of $26.17 billion, a PE ratio of -370.09 and a beta of 1.48. The stock has a 50 day moving average of $272.10 and a 200-day moving average of $333.73. MongoDB has a 52 week low of $182.43 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. 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, analysts predict that MongoDB will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the completion of the sale, the director owned 470,896 shares of the company’s stock, valued at $148,322,822.08. This trade represents a 1.26% decrease in their ownership of the stock. 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 sold 31,566 shares of company stock valued at $8,744,791 over the last 90 days. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in MongoDB in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its position in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of MongoDB during the 4th quarter valued at $33,000. Root Financial Partners LLC lifted its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in shares of MongoDB during the 4th quarter valued at $38,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Q1 estimates, reporting $1.32 in adjusted EPS versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, with sales up about 25% year over year. Article Title
• Positive Sentiment: The company raised Q2 and full-year fiscal 2027 guidance well above Wall Street expectations, signaling stronger-than-expected demand and improving visibility. Article Title
• Positive Sentiment: Atlas revenue grew more than 29% year over year, reinforcing that MongoDB’s cloud database business remains the key growth driver, while management highlighted strong enterprise and AI demand. Article Title
• Positive Sentiment: Analysts also turned more constructive, with Cantor Fitzgerald and Canaccord Genuity both raising price targets after the report, reflecting improved sentiment around MongoDB’s growth outlook. Article Title
• Neutral Sentiment: Some commentary from traders suggested the stock also reacted to remarks that Atlas growth may become more predictable going forward, which was interpreted by a few investors as slightly softer than the most optimistic expectations. Article Title

About MongoDB

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.