MongoDB (NASDAQ:MDB) Stock Rating Reaffirmed as Market Outperform by Citizens Jmp

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating restated by stock analysts at Citizens Jmp in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $519.00 target price on the stock. Citizens Jmp’s price target indicates a potential upside of 45.80% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Monness Crespi & Hardt lifted their target price on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Wells Fargo & Company lifted their price target on MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Finally, Stifel Nicolaus reduced their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday. Two 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $465.25.

MongoDB Stock Up 5.6%

MongoDB stock traded up $18.78 during midday trading on Wednesday, reaching $355.97. The stock had a trading volume of 3,922,621 shares, compared to its average volume of 2,010,733. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10. The firm has a market cap of $28.68 billion, a price-to-earnings ratio of 503.15, a price-to-earnings-growth ratio of 35.95 and a beta of 1.58. The company has a fifty day moving average of $387.97 and a 200 day moving average of $331.74.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping 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 business had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the prior year, the business earned $1.00 EPS. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities research analysts predict that MongoDB will post 0.47 EPS for the current year.

Insiders Place Their Bets

In other news, Director Hope Cochran sold 1,000 shares of the stock in a transaction on 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 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 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 business’s stock in a transaction that occurred on 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 sale, the director directly owned 962,953 shares in the company, valued at $453,156,052.27. This trade 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. Over the last quarter, insiders have sold 17,000 shares of company stock valued at $7,792,320. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Fiera Capital Corp raised its holdings in shares of MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after buying an additional 46,051 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in MongoDB by 48.7% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after purchasing an additional 6,819 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of MongoDB by 19.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after acquiring an additional 21,273 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of MongoDB in the 4th quarter valued at approximately $6,050,000. Finally, Daventry Group LP increased its holdings in shares of MongoDB by 21.3% in the 1st quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after acquiring an additional 14,412 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Investor Day highlighted new AI growth drivers. MongoDB introduced MongoDB 9.0, Atlas Infinite and Atlas Agent Engine. The company said MongoDB 9.0 can deliver up to twice the throughput, 35% faster reads and 30% faster updates, while Atlas Infinite is designed to handle unpredictable AI-driven demand. Management also outlined targets for more than 20% revenue growth, mid-20% Atlas growth, annual margin expansion of 100–200 basis points and GAAP profitability by fiscal 2027. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: Analysts remain broadly constructive. Citizens JMP reaffirmed “market outperform” with a $519 price target, RBC maintained “outperform” at $465, Needham reiterated “buy” at $430 and BMO kept an “outperform” rating with a $420 target. A Seeking Alpha contributor also upgraded MDB to “buy” following Investor Day. MongoDB CEO’s parting gift to bulls
• Positive Sentiment: Options activity suggests increased bullish positioning. Traders bought 29,206 call options, approximately 40% above the stock’s average daily call volume, indicating heightened speculative interest.
• Neutral Sentiment: MongoDB partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. The partnership could support adoption, although its financial impact is not yet clear. Cognition and MongoDB partnership
• Negative Sentiment: CEO Chirantan “CJ” Desai’s abrupt move to Meta remains the key risk. MongoDB appointed former CEO Dev Ittycheria as interim chief executive, but investors remain concerned about leadership continuity and the possibility that Meta’s new enterprise AI initiative could compete with MongoDB. Stifel, Stephens and BMO lowered their price targets, despite maintaining positive or neutral ratings.

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.