MongoDB’s (MDB) “Outperform” Rating Reiterated at Royal Bank Of Canada

MongoDB (NASDAQ:MDB)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a research report issued on Wednesday, Benzinga reports. They currently have a $465.00 price target on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 30.31% from the company’s previous close.

Other analysts also recently issued research reports about the company. Monness Crespi & Hardt lifted their target price on MongoDB from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Citigroup reissued a “market outperform” rating on shares of MongoDB in a research note on Monday. Mizuho set a $460.00 target price on MongoDB in a research note on Tuesday. Citizens Jmp restated a “market outperform” rating and set a $519.00 price target on shares of MongoDB in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group raised their price target on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $465.25.

MongoDB Trading Up 5.8%

MDB traded up $19.64 on Wednesday, hitting $356.83. 2,912,286 shares of the company’s stock traded hands, compared to its average volume of 2,002,372. The company’s 50 day simple moving average is $387.97 and its 200-day simple moving average is $331.74. The firm has a market cap of $28.74 billion, a price-to-earnings ratio of 502.58, a P/E/G ratio of 35.95 and a beta of 1.58. MongoDB has a one year low of $215.68 and a one year high of $473.10.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the company earned $1.00 EPS. 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, equities analysts anticipate that MongoDB will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. The trade was a 3.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Monday, August 17th. The shares were sold at an average price of $451.75, for a total value of $2,710,500.00. Following the sale, the director directly owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This trade represents a 1.31% 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. Over the last ninety days, insiders have sold 17,000 shares of company stock valued at $7,792,320. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

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

About MongoDB

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.