MongoDB’s (MDB) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of MongoDB (NASDAQ:MDB) in a research report report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a $430.00 price target on the stock.

Several other research firms have also recently issued reports on MDB. Guggenheim reiterated a “buy” rating and set a $560.00 price objective on shares of MongoDB in a research report on Tuesday. Mizuho set a $460.00 target price on shares of MongoDB in a research report on Tuesday. Weiss Ratings raised shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Tigress Financial lifted their price target on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Oppenheimer boosted their price target on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Two 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. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $462.59.

MongoDB Trading Up 1.8%

NASDAQ:MDB opened at $357.96 on Wednesday. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10. The stock has a 50-day moving average price of $391.09 and a 200 day moving average price of $333.18. The stock has a market capitalization of $28.84 billion, a P/E ratio of 504.17, a P/E/G ratio of 37.79 and a beta of 1.74.

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. 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 the consensus estimate of $735.01 million. During the same quarter last year, the company earned $1.00 EPS. The firm’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. On average, research analysts predict that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Hope 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 value of $375,920.00. Following the sale, the director owned 28,326 shares in the company, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the company’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 sale, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. The trade was a 1.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 17,000 shares of company stock worth $7,792,320 in the last 90 days. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Several hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in MongoDB by 8.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,712 shares of the company’s stock worth $597,000 after purchasing an additional 137 shares during the period. 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. lifted its holdings in shares of MongoDB by 59.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company’s stock worth $2,433,000 after buying an additional 2,697 shares during the period. SkyView Investment Advisors LLC purchased a new stake in shares of MongoDB in the 2nd quarter worth $252,000. Finally, Sequoia Financial Advisors LLC grew 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 worth $877,000 after buying an additional 701 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial upside from the referenced share price. Cantor Fitzgerald rating report
• Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
• Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
• Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
• Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance analysis

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.