MongoDB (NASDAQ:MDB) Research Coverage Started at BTIG Research

BTIG Research began coverage on shares of MongoDB (NASDAQ:MDB) in a report issued on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $417.00 price objective on the stock.

A number of other analysts have also recently issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $560.00 price objective on shares of MongoDB in a research note on Tuesday, September 29th. William Blair restated an “outperform” rating on shares of MongoDB in a research report on Monday, September 28th. Needham & Company LLC restated a “buy” rating and set a $430.00 target price on shares of MongoDB in a research note on Tuesday, October 13th. Sanford C. Bernstein upped their target price on shares of MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Finally, UBS Group cut their price target on MongoDB from $410.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $460.59.

MongoDB Trading Up 0.5%

MDB opened at $339.78 on Tuesday. The company has a market cap of $27.37 billion, a price-to-earnings ratio of 1,470.09, a PEG ratio of 30.78 and a beta of 1.74. The company’s 50 day moving average is $365.91 and its 200 day moving average is $335.96. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10.

MongoDB (NASDAQ:MDB) last announced 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 during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 earnings per share. 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, analysts predict that MongoDB will post 0.50 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $350.46, for a total value of $208,523.70. Following the sale, the director directly owned 44,642 shares in the company, valued at $15,645,235.32. This trade represents a 1.32% 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 90 days, insiders have sold 42,465 shares of company stock worth $15,677,036. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several large investors have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB during the 1st quarter valued at about $34,000. Smallwood Wealth Investment Management LLC bought a new position in shares of MongoDB during the 2nd quarter valued at approximately $34,000. NBH Bank purchased a new stake in MongoDB during the 2nd quarter valued at $34,000. CX Institutional raised its holdings in MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after buying an additional 50 shares during the period. Finally, Bessemer Group Inc. raised its holdings in MongoDB by 44.9% during the 3rd quarter. Bessemer Group Inc. now owns 100 shares of the company’s stock valued at $35,000 after buying an additional 31 shares during the period. Institutional investors own 89.29% of the company’s stock.

About MongoDB

MongoDB, Inc. develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases. The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.