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

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating restated by stock analysts at Citizens Jmp in a research report issued on Wednesday, Benzinga reports. They currently have a $519.00 price objective on the stock. Citizens Jmp’s price target indicates a potential upside of 47.56% from the company’s current price.

A number of other research analysts have also recently commented on the stock. UBS Group dropped their target price on shares of MongoDB from $410.00 to $375.00 and set a “neutral” rating for the company in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $465.00 price target on shares of MongoDB in a report on Wednesday. Barclays increased their price objective on shares of MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. DA Davidson reaffirmed a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Tuesday. Finally, KGI Securities began coverage on MongoDB in a research report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price objective on the stock. Two equities research 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’s stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $462.59.

MongoDB Stock Performance

Shares of MDB stock opened at $351.73 on Wednesday. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10. The stock’s fifty day moving average price is $389.89 and its two-hundred day moving average price is $333.01. The company has a market cap of $28.34 billion, a PE ratio of 495.39, a P/E/G ratio of 37.45 and a beta of 1.75.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The company 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%.MongoDB’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, equities analysts predict that MongoDB will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares in the company, valued at approximately $10,648,309.92. This trade represents a 3.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the transaction, the director directly owned 962,953 shares in the company, valued at $453,156,052.27. This represents a 1.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,000 shares of company stock worth $7,792,320 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several hedge funds have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB in the first quarter worth $34,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of MongoDB during the second quarter valued at about $34,000. NBH Bank acquired a new position in shares of MongoDB during the second quarter valued at about $34,000. CX Institutional boosted its position in shares of MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC boosted its position in shares of MongoDB by 58.2% during 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 in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and assigned a $540 price target, implying substantial upside from current levels. Cantor Fitzgerald rating report
• Positive Sentiment: MongoDB attracted unusually heavy call-option activity, with 29,206 contracts purchased—about 40% above typical volume—suggesting some traders are positioning for a rebound. MongoDB call options report
• Positive Sentiment: Recent Investor Day updates remain a longer-term catalyst: management raised its fiscal 2028–2030 revenue-growth target to at least 20%, highlighted AI products including MongoDB 9.0 and Atlas Infinite, and expanded its share-repurchase authorization by $1 billion to $1.35 billion. MongoDB Investor Day report
• Neutral Sentiment: Citizens JMP and RBC maintained positive ratings, while BMO, Stephens, and Stifel lowered their price targets. The mixed revisions indicate continued confidence in MongoDB’s business but greater caution about near-term execution and valuation. MongoDB analyst target updates
• Negative Sentiment: Analysts and investors continue to assess the abrupt departure of CEO Chirantan Desai, who left to join Meta Platforms. The leadership transition triggered a sharp selloff and remains the primary overhang despite the buyback announcement. MongoDB CEO departure report
• Negative Sentiment: Coverage also notes that MDB has declined 7.1% since its latest earnings report, suggesting investors may be looking beyond the strong quarterly beat toward forward estimates, leadership stability, and the pace of future growth. MongoDB post-earnings performance report

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.