Brokerages Set MongoDB, Inc. (NASDAQ:MDB) Price Target at $471.81

Shares of MongoDB, Inc. (NASDAQ:MDB) have received a consensus recommendation of “Moderate Buy” from the thirty-five brokerages that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $471.8065.

A number of brokerages have recently commented on MDB. Weiss Ratings raised shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. BMO Capital Markets decreased their target price on shares of MongoDB from $500.00 to $450.00 and set an “outperform” rating for the company in a research note on Wednesday, September 2nd. Barclays increased their price target on shares of MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Canaccord Genuity Group raised their price target on shares of MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, Bank of America lifted their price objective on shares of MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a report on Monday, June 8th.

Insider Activity

In other news, Director Hope Cochran sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director directly owned 29,326 shares in the company, valued at $10,264,100. This trade represents a 3.30% decrease in their position. The transaction 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 Dwight Merriman sold 6,000 shares of MongoDB stock in a transaction dated 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 completion of the transaction, the director owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This represents a 1.31% 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 three months, insiders have sold 19,696 shares of company stock worth $8,682,885. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of MongoDB during the fourth quarter worth 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 valued at $37,000 after acquiring an additional 32 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in MongoDB in the 2nd quarter valued at about $34,000. NBH Bank purchased a new stake in MongoDB during the 2nd quarter valued at approximately $34,000. Finally, CX Institutional raised its stake 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 acquiring an additional 50 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

NASDAQ MDB opened at $382.29 on Friday. The stock has a 50-day simple moving average of $376.27 and a two-hundred day simple moving average of $323.68. The firm has a market capitalization of $30.80 billion, a P/E ratio of 538.44, a PEG ratio of 38.53 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 issued its quarterly earnings data 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 business had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, analysts forecast that MongoDB will post 0.48 earnings per share for the current year.

About MongoDB

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.