MongoDB (NASDAQ:MDB) Given “Market Outperform” Rating at Citizens Jmp

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating reiterated by investment 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 objective suggests a potential upside of 45.24% from the stock’s current price.

A number of other analysts also recently weighed in on MDB. KGI Securities started coverage on shares of MongoDB in a research report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target for the company. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. DA Davidson restated a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $465.25.

MongoDB Trading Up 6.0%

MDB stock traded up $20.15 during trading on Wednesday, reaching $357.34. The stock had a trading volume of 2,635,594 shares, compared to its average volume of 2,002,372. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10. The company has a market capitalization of $28.79 billion, a P/E ratio of 505.94, a PEG ratio of 35.95 and a beta of 1.58. The firm has a fifty day moving average price of $387.97 and a 200 day moving average price of $331.74.

MongoDB (NASDAQ:MDB) last announced its earnings results 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 return on equity of 1.06% and a net margin of 2.12%.The company had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same period last year, the firm earned $1.00 earnings per share. The company’s 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. Sell-side analysts predict that MongoDB will post 0.47 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred 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 transaction, the director owned 28,326 shares in the company, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of the company’s stock in a transaction on 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 17,000 shares of company stock worth $7,792,320. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in shares of MongoDB by 10.3% in the second quarter. QRG Capital Management Inc. now owns 1,341 shares of the company’s stock valued at $450,000 after purchasing an additional 125 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of MongoDB by 59.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company’s stock valued at $2,433,000 after buying an additional 2,697 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in MongoDB during the second quarter valued at $252,000. Sequoia Financial Advisors LLC raised its position in MongoDB by 36.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company’s stock valued at $877,000 after buying an additional 701 shares during the period. Finally, National Pension Service lifted its stake in MongoDB by 10.7% in the 2nd quarter. National Pension Service now owns 153,687 shares of the company’s stock worth $51,623,000 after acquiring an additional 14,866 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB launched MongoDB 9.0, which offers up to 2x higher throughput, 35% faster reads and 30% faster updates, along with Atlas Infinite, a deployment option designed to handle highly variable AI-driven demand. These capabilities could support Atlas adoption and enterprise workloads. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: The company introduced Atlas Agent Engine, a platform combining execution, memory, retrieval and governance for production AI agents. MongoDB also partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. MongoDB launches Atlas Agent Engine
• Positive Sentiment: Analysts continue to see long-term upside. Needham reaffirmed a “buy” rating with a $430 target, while BMO Capital Markets and Stifel maintained bullish ratings despite reducing their targets to $420 and $385, respectively. Stephens assigned an “equal weight” rating with a $372 target.
• Neutral Sentiment: The board appointed former CEO Dev Ittycheria as interim chief executive and reaffirmed its third-quarter and full-year fiscal 2027 guidance, suggesting the leadership transition has not yet changed operating expectations. Investors will look for evidence of continuity at Investor Day and in upcoming results. MongoDB stock drops after CEO exit
• Negative Sentiment: Desai’s sudden exit, less than a year into his tenure and immediately before Investor Day, raised concerns about strategic continuity and execution. His move to Meta also creates a potential competitive threat because Meta’s enterprise platform may target the same developers and corporate customers as MongoDB. MongoDB falls after CEO Desai’s exit
• Negative Sentiment: The target-price reductions reflect greater uncertainty and a valuation that leaves limited room for execution mistakes. MongoDB’s elevated valuation and relatively thin net margin make the stock particularly sensitive to leadership, growth and competitive concerns.

About MongoDB

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.