MongoDB (NASDAQ:MDB) Given Outperform Rating at Royal Bank Of Canada

MongoDB (NASDAQ:MDB)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued on Wednesday, MarketBeat reports. They presently have a $465.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 29.25% from the stock’s current price.

MDB has been the topic of a number of other reports. Weiss Ratings raised shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. 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. Scotiabank reissued an “outperform” rating on shares of MongoDB in a research note on Wednesday, September 2nd. Truist Financial increased their price objective on shares of MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Piper Sandler reissued an “overweight” rating and issued a $470.00 price objective (up from $400.00) on shares of MongoDB in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $465.25.

MongoDB Stock Performance

MDB stock traded up $22.57 during trading on Wednesday, reaching $359.76. 3,173,642 shares of the company were exchanged, compared to its average volume of 2,004,370. The company has a market cap of $28.98 billion, a P/E ratio of 506.75, a PEG ratio of 35.95 and a beta of 1.58. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10. The stock’s 50 day moving average price is $387.97 and its 200 day moving average price is $331.74.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm’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 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, equities research analysts forecast that MongoDB will post 0.47 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope Cochran sold 1,000 shares of the company’s stock in a transaction dated 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 directly owned 28,326 shares in the company, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 dated Friday, August 14th. The shares were sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the completion of the transaction, the director owned 962,953 shares in the company, valued at approximately $453,156,052.27. This trade represents a 1.03% 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 sold 17,000 shares of company stock worth $7,792,320. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds 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% during the 2nd quarter. QRG Capital Management Inc. now owns 1,341 shares of the company’s stock worth $450,000 after acquiring an additional 125 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of MongoDB by 59.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company’s stock worth $2,433,000 after acquiring an additional 2,697 shares during the period. SkyView Investment Advisors LLC purchased a new position in shares of MongoDB during the 2nd quarter worth about $252,000. Sequoia Financial Advisors LLC lifted its holdings in shares of MongoDB by 36.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company’s stock worth $877,000 after acquiring an additional 701 shares during the period. Finally, National Pension Service lifted its holdings in shares of MongoDB by 10.7% during 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 during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Key MongoDB News

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.