MongoDB (NASDAQ:MDB) Stock Keeps “Outperform” Rating at Royal Bank Of Canada

MongoDB (NASDAQ:MDB)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued on Wednesday, Benzinga reports. They presently have a $465.00 price objective on the stock. Royal Bank Of Canada’s price target points to a potential upside of 30.13% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on MDB. Monness Crespi & Hardt boosted their price target on shares of MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Rosenblatt Securities boosted their price target on shares of MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. KGI Securities assumed coverage on shares of MongoDB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price target on the stock. Robert W. Baird boosted their price target on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Finally, Canaccord Genuity Group boosted their price target on shares of MongoDB from $400.00 to $480.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $465.25.

MongoDB Stock Performance

Shares of MongoDB stock traded up $20.15 on Wednesday, hitting $357.34. 2,635,594 shares of the company traded hands, compared to its average volume of 2,002,372. The stock has a market capitalization of $28.79 billion, a P/E ratio of 505.94, a price-to-earnings-growth ratio of 35.95 and a beta of 1.58. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The business has a 50-day simple moving average of $387.97 and a 200 day simple moving average of $331.74.

MongoDB (NASDAQ:MDB) last announced 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 net margin of 2.12% and a return on equity of 1.06%. The company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the previous year, the business posted $1.00 earnings per share. MongoDB’s quarterly revenue 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. Research analysts expect that MongoDB will post 0.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the completion of the sale, the director directly owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,000 shares of company stock valued at $7,792,320 over the last three months. Insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC lifted its stake in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares during the period. Moody National Bank Trust Division lifted its stake in MongoDB by 3.1% in the second quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock worth $377,000 after acquiring an additional 34 shares during the period. Basecamp Wealth Advisors LLC lifted its stake in MongoDB by 14.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after acquiring an additional 36 shares during the period. Parkside Financial Bank & Trust lifted its stake in MongoDB by 27.1% in the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock worth $60,000 after acquiring an additional 38 shares during the period. Finally, 111 Capital lifted its stake in MongoDB by 2.5% in the fourth quarter. 111 Capital now owns 1,946 shares of the company’s stock worth $817,000 after acquiring an additional 47 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB launched MongoDB 9.0, which offers up to 2x higher throughput, 35% faster reads and 30% faster updates, along with Atlas Infinite, a deployment option designed to handle highly variable AI-driven demand. These capabilities could support Atlas adoption and enterprise workloads. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: The company introduced Atlas Agent Engine, a platform combining execution, memory, retrieval and governance for production AI agents. MongoDB also partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. MongoDB launches Atlas Agent Engine
• Positive Sentiment: Analysts continue to see long-term upside. Needham reaffirmed a “buy” rating with a $430 target, while BMO Capital Markets and Stifel maintained bullish ratings despite reducing their targets to $420 and $385, respectively. Stephens assigned an “equal weight” rating with a $372 target.
• Neutral Sentiment: The board appointed former CEO Dev Ittycheria as interim chief executive and reaffirmed its third-quarter and full-year fiscal 2027 guidance, suggesting the leadership transition has not yet changed operating expectations. Investors will look for evidence of continuity at Investor Day and in upcoming results. MongoDB stock drops after CEO exit
• Negative Sentiment: Desai’s sudden exit, less than a year into his tenure and immediately before Investor Day, raised concerns about strategic continuity and execution. His move to Meta also creates a potential competitive threat because Meta’s enterprise platform may target the same developers and corporate customers as MongoDB. MongoDB falls after CEO Desai’s exit
• Negative Sentiment: The target-price reductions reflect greater uncertainty and a valuation that leaves limited room for execution mistakes. MongoDB’s elevated valuation and relatively thin net margin make the stock particularly sensitive to leadership, growth and competitive concerns.

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.