DA Davidson Reaffirms Buy Rating for MongoDB (NASDAQ:MDB)

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a note issued to investors on Tuesday, Benzinga reports. They currently have a $465.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 42.01% from the stock’s previous close.

MDB has been the topic of a number of other research reports. Rosenblatt Securities boosted their price target on shares of MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Sanford C. Bernstein increased their price target on shares of MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Cantor Fitzgerald boosted their price objective on shares of MongoDB from $416.00 to $540.00 and gave the company an “overweight” rating in a research report on Monday, August 31st. Stifel Nicolaus cut their target price on shares of MongoDB from $475.00 to $465.00 and set a “buy” rating for the company in a research report on Wednesday, September 2nd. Finally, UBS Group reduced their price target on MongoDB from $460.00 to $410.00 and set a “neutral” rating for the company in a report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $471.81.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $7.24 during trading hours on Tuesday, hitting $327.44. The stock had a trading volume of 4,052,820 shares, compared to its average volume of 1,970,375. The stock’s fifty day simple moving average is $387.38 and its 200 day simple moving average is $331.27. The firm has a market capitalization of $26.38 billion, a price-to-earnings ratio of 461.68, a PEG ratio of 44.09 and a beta of 1.58. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period last year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, research analysts anticipate that MongoDB will post 0.47 EPS for the current year.

Insider Activity

In other news, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the sale, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares in the company, valued at approximately $453,156,052.27. The trade was 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 18,000 shares of company stock valued at $8,142,320 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its position in shares of MongoDB by 10.3% during the 2nd quarter. QRG Capital Management Inc. now owns 1,341 shares of the company’s stock worth $450,000 after acquiring an additional 125 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of MongoDB by 59.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company’s stock worth $2,433,000 after purchasing an additional 2,697 shares during the last quarter. SkyView Investment Advisors LLC bought a new position in shares of MongoDB in the second quarter worth $252,000. Sequoia Financial Advisors LLC boosted its position in shares of MongoDB by 36.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company’s stock valued at $877,000 after acquiring an additional 701 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of MongoDB by 10.7% during the second quarter. National Pension Service now owns 153,687 shares of the company’s stock worth $51,623,000 after purchasing an additional 14,866 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB launched MongoDB 9.0, which it says delivers up to 2x higher throughput, 35% faster reads and 30% faster updates. It also introduced Atlas Infinite, a public-preview deployment option designed to scale rapidly during unpredictable AI-driven demand spikes. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: The new Atlas Agent Engine combines execution, retrieval, persistent memory and governance for enterprise AI agents. The offering could help MongoDB capture more AI application workloads without requiring customers to assemble a separate technology stack. MongoDB launches Atlas Agent Engine
• Positive Sentiment: A partnership with Cognition, the developer of Devin, will offer tools to modernize legacy infrastructure and move customers toward MongoDB Atlas more quickly. This may support adoption and reduce barriers to enterprise migrations. Cognition and MongoDB partnership
• Neutral Sentiment: The board appointed former CEO Dev Ittycheria as interim CEO and reaffirmed fiscal 2027 guidance, suggesting management does not currently see a deterioration in demand. Analysts cited by 247WallSt believe the sell-off may be excessive and see substantial recovery potential, though execution remains important. Wall Street outlook for MongoDB
• Negative Sentiment: Desai’s immediate resignation, less than a year into his tenure and just before Investor Day, raised concerns about strategic continuity. His move to Meta also creates a potentially stronger competitor with knowledge of MongoDB’s products, customers and enterprise strategy. MongoDB CEO joins Meta
• Negative Sentiment: MongoDB’s elevated valuation and thin net margin leave limited room for execution setbacks. Investors will focus on the permanent CEO search, Atlas consumption growth and whether the leadership transition disrupts enterprise sales.

MongoDB Company Profile

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.