Brokerages Set MongoDB, Inc. (NASDAQ:MDB) PT at $414.23

Shares of MongoDB, Inc. (NASDAQ:MDB) have received a consensus rating of “Moderate Buy” from the thirty-five analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, twenty-seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $433.9355.

MDB has been the subject of several research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $453.00 target price on shares of MongoDB in a report on Wednesday. Zacks Research raised shares of MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Mizuho upped their price objective on shares of MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Tigress Financial raised their price objective on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Royal Bank Of Canada lifted their target price on MongoDB from $395.00 to $515.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th.

MongoDB Stock Performance

NASDAQ:MDB opened at $420.37 on Tuesday. MongoDB has a 1 year low of $206.92 and a 1 year high of $473.10. The stock has a market cap of $33.81 billion, a P/E ratio of -1,136.14, a P/E/G ratio of 3,129.45 and a beta of 1.55. The stock has a 50-day simple moving average of $355.25 and a 200-day simple moving average of $318.10.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the company earned $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. On average, equities research analysts predict that MongoDB will post 0.01 EPS for the current year.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the completion of the sale, the director owned 25,444 shares in the company, valued at $8,754,008.20. This represents a 5.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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, June 12th. The stock was sold at an average price of $353.91, for a total transaction of $3,539,100.00. Following the sale, the director owned 983,316 shares of the company’s stock, valued at approximately $348,005,365.56. This represents a 1.01% 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. Insiders have sold a total of 125,746 shares of company stock worth $49,310,038 over the last ninety days. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

Institutional investors have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. increased its position in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB in the 4th quarter worth about $574,821,000. AQR Capital Management LLC boosted its position in shares of MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after buying an additional 1,069,969 shares in the last quarter. Amundi grew its stake in MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after acquiring an additional 563,995 shares during the last quarter. Finally, Capital World Investors increased its holdings in MongoDB by 129.1% during the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after acquiring an additional 552,434 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.