MongoDB (NASDAQ:MDB) Earns “Market Outperform” Rating from Citizens Jmp

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating reissued by research analysts at Citizens Jmp in a research report issued on Wednesday, Benzinga reports. They currently have a $519.00 price target on the stock. Citizens Jmp’s price target points to a potential upside of 45.70% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus reduced their price objective on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and set a $465.00 price target on shares of MongoDB in a research note on Wednesday. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Cantor Fitzgerald raised their price target on shares of MongoDB from $416.00 to $540.00 and gave the company an “overweight” rating in a research note on Monday, August 31st. Finally, DA Davidson reiterated a “buy” rating and set a $465.00 price target on shares of MongoDB in a report on Tuesday. Two investment 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. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $462.59.

MongoDB Price Performance

MDB stock traded up $4.48 during trading on Wednesday, reaching $356.21. 1,927,256 shares of the company were exchanged, compared to its average volume of 2,026,569. The company has a 50-day moving average of $389.89 and a two-hundred day moving average of $333.01. The company has a market capitalization of $28.70 billion, a price-to-earnings ratio of 502.88, a P/E/G ratio of 37.45 and a beta of 1.75. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, analysts forecast that MongoDB will post 0.47 EPS for the current year.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the transaction, the director owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a 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 A. Merriman sold 10,000 shares of the business’s stock in a transaction 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 transaction, the director owned 962,953 shares in the company, valued at approximately $453,156,052.27. The trade was a 1.03% 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. 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its stake in MongoDB by 21.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock worth $560,872,000 after purchasing an additional 239,338 shares during the period. Capital World Investors increased its holdings in MongoDB by 129.1% in the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock worth $411,373,000 after purchasing an additional 552,434 shares in the last quarter. Fred Alger Management LLC lifted its stake in MongoDB by 7.3% in the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after buying an additional 38,225 shares during the period. Employees Provident Fund Board bought a new position in shares of MongoDB during the 4th quarter worth approximately $203,365,000. Finally, Polar Capital Holdings Plc boosted its holdings in shares of MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock worth $180,973,000 after buying an additional 379,289 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial potential upside from recent trading levels. Benzinga coverage
• Positive Sentiment: MongoDB’s investor day highlighted a stronger multiyear outlook: management is targeting at least 20% annual revenue growth for fiscal 2028–2030, while Atlas is expected to grow about 25% over the next three years. Bank of America viewed the event as a net positive and maintained its Buy rating. BofA MongoDB investor day coverage
• Positive Sentiment: MongoDB increased its share-repurchase authorization by $1 billion, bringing total capacity to approximately $1.35 billion. The buyback signals management believes the selloff following the CEO’s departure overstated the company’s fundamental risk. AI-native Atlas customers and related products such as Search and Vector Search remain important growth drivers. MongoDB buyback coverage
• Positive Sentiment: Citizens JMP and RBC reaffirmed positive ratings, maintaining Market Outperform and Outperform views, respectively. Citizens JMP rating
• Neutral Sentiment: Unusually heavy call-option activity suggests some traders are positioning for further upside, but options activity is speculative and does not establish a fundamental change in value. MongoDB call-option activity
• Negative Sentiment: BMO Capital Markets cut its price target, while Stephens lowered its expectations, indicating that some analysts remain cautious about MongoDB’s valuation and execution outlook. BMO price-target revision
• Negative Sentiment: The departure of CEO Chirantan Desai to Meta has created leadership uncertainty. The stock also remains down from its post-earnings level as investors assess whether future growth can justify its elevated valuation. MongoDB CEO transition analysis

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.