MongoDB’s (MDB) Market Outperform Rating Reaffirmed at Citizens Jmp

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating restated by analysts at Citizens Jmp in a report issued on Wednesday, Benzinga reports. They currently have a $519.00 target price on the stock. Citizens Jmp’s target price would suggest a potential upside of 19.53% from the company’s current price.

A number of other brokerages also recently commented on MDB. Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Weiss Ratings raised MongoDB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $453.00 target price on shares of MongoDB in a report on Wednesday, August 19th. Wedbush increased their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Finally, DA Davidson lifted their price target on MongoDB from $375.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $461.87.

MongoDB Stock Down 4.2%

Shares of MDB stock opened at $434.21 on Wednesday. The stock has a 50-day simple moving average of $369.91 and a 200 day simple moving average of $322.27. The stock has a market capitalization of $34.92 billion, a P/E ratio of -1,173.54, a P/E/G ratio of 3,220.66 and a beta of 1.58. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter last year, the firm posted $1.00 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that MongoDB will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the transaction, the director owned 983,316 shares in the company, valued at $348,005,365.56. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the sale, the director directly owned 161,762 shares of the company’s stock, valued at $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 80,696 shares of company stock worth $31,425,055. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in MongoDB in the fourth quarter valued at about $33,000. Root Financial Partners LLC increased its position in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of MongoDB during the 2nd quarter worth about $34,000. NBH Bank acquired a new stake in shares of MongoDB during the 2nd quarter valued at about $34,000. Finally, CX Institutional lifted its holdings in shares of 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 last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Results exceeded expectations: Revenue rose 30.5% year over year to $771.8 million, topping estimates of roughly $735 million, while adjusted EPS of $1.90 surpassed consensus near $1.61-$1.62. MongoDB fiscal 2027 second-quarter results
• Positive Sentiment: Atlas and AI demand remain key growth drivers: Atlas revenue increased approximately 29%, while enterprise and other revenue grew about 36%. Management cited record customer additions and increasing AI-related workloads. MongoDB earnings call highlights
• Positive Sentiment: Guidance was raised: Fiscal 2027 revenue is projected at approximately $2.99 billion to $3.03 billion, with the increase primarily tied to a stronger Atlas outlook of about 27% growth. Third-quarter revenue guidance of $756 million to $761 million and adjusted EPS guidance of $1.57 to $1.61 also exceed analyst estimates. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Analyst support improved: Monness Crespi & Hardt raised its price target to $460 and Cantor Fitzgerald lifted its target to $540, both maintaining bullish ratings. MongoDB analyst price-target changes
• Neutral Sentiment: The company remains focused on monetizing AI-native customers, but investors want evidence that AI demand can produce sustained acceleration beyond the current roughly 27%-30% Atlas growth range.
• Negative Sentiment: Strong results may not have been strong enough for the valuation: MongoDB had rallied substantially into earnings, leaving the stock vulnerable to profit-taking and a “sell the news” reaction.
• Negative Sentiment: Profitability and investment concerns weighed on sentiment: AI infrastructure and other capacity costs may pressure margins, while the third-quarter EPS outlook is below the $1.90 delivered in the latest quarter. Broader skepticism toward software stocks added to the selling pressure. MongoDB strong sales but stock declines

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.