MongoDB (NASDAQ:MDB) Stock Rating Reaffirmed as Buy by Needham & Company LLC

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $430.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 20.69% from the stock’s current price.

A number of other equities analysts also recently commented on MDB. Stifel Nicolaus lowered their target price on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $465.00 price target on shares of MongoDB in a research note on Wednesday, September 30th. BMO Capital Markets decreased their price target on MongoDB from $450.00 to $420.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Scotiabank reaffirmed a “sector outperform” rating and set a $450.00 price target (up from $440.00) on shares of MongoDB in a report on Thursday, October 8th. Finally, Stephens lowered their price objective on MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.91.

MongoDB Stock Down 4.5%

Shares of NASDAQ:MDB opened at $356.29 on Tuesday. The firm’s 50 day moving average price is $395.72 and its 200 day moving average price is $339.73. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of 1,622.04, a price-to-earnings-growth ratio of 40.08 and a beta of 1.74. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. 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, equities analysts anticipate that MongoDB will post 0.47 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of the company’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 completion of the sale, the director owned 28,326 shares in the company, valued at $10,648,309.92. This represents a 3.41% 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 Charles Hazard, Jr. sold 595 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $363.85, for a total transaction of $216,490.75. Following the sale, the director owned 45,237 shares of the company’s stock, valued at approximately $16,459,482.45. This represents a 1.30% 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. Over the last ninety days, insiders have sold 31,595 shares of company stock worth $13,065,211. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently made changes to their positions in MDB. B. Riley Wealth Advisors Inc. boosted its stake in shares of MongoDB by 19.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 800 shares of the company’s stock worth $279,000 after buying an additional 133 shares during the period. Krilogy Financial LLC increased its position in MongoDB by 11.4% in the 3rd quarter. Krilogy Financial LLC now owns 3,594 shares of the company’s stock valued at $1,370,000 after acquiring an additional 369 shares during the period. Sax Wealth Advisors LLC acquired a new position in MongoDB in the 3rd quarter valued at about $812,000. NorthCrest Asset Manangement LLC increased its position in MongoDB by 43.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,902 shares of the company’s stock valued at $1,078,000 after acquiring an additional 874 shares during the period. Finally, Perpetual Ltd raised its stake in MongoDB by 52.1% during the 3rd quarter. Perpetual Ltd now owns 4,189 shares of the company’s stock valued at $1,460,000 after acquiring an additional 1,435 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America reiterated its Buy rating and $540 price target, citing MongoDB’s long-term AI strategy, enterprise modernization opportunity and differentiated document-database platform. MongoDB gains as BofA highlights long-term AI strategy potential
• Positive Sentiment: Needham reaffirmed its Buy rating with a $430 price target, while Scotiabank added MDB to its top-picks list. The analysts’ endorsements indicate confidence in MongoDB’s investor-day messaging, Atlas growth and expanding AI capabilities. MongoDB pops as Needham, BofA stay bullish
• Positive Sentiment: A bullish research view argues that the recent pullback could be a buying opportunity because of strong MongoDB Atlas growth, improving AI functionality and rising earnings estimates. MongoDB Falls 11% YTD: Here’s Why You Should Buy the Stock Now
• Neutral Sentiment: MongoDB’s latest reported quarter exceeded earnings and revenue expectations, with revenue increasing 30.5% year over year. However, the stock trades at a very high earnings multiple, leaving it sensitive to any slowdown in growth or weakening market sentiment.
• Negative Sentiment: Investor concern has also been linked to reports that MongoDB’s CEO was recruited by another technology company, raising questions about leadership stability and execution of the company’s AI and growth strategy. Why Is MongoDB Stock Crashing and Is It a Buying Opportunity?
• Negative Sentiment: Director Dwight Merriman reported selling approximately $5.06 million of MDB shares across October 8–9. The sales were conducted under a pre-arranged Rule 10b5-1 plan and represent only a small reduction in his holdings, limiting their bearish significance but adding a near-term overhang. MongoDB insider transaction filing

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.