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

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating reiterated by equities researchers at Citizens Jmp in a report issued on Wednesday, Benzinga reports. They presently have a $519.00 price objective on the stock. Citizens Jmp’s price target indicates a potential upside of 19.53% from the stock’s previous close.

A number of other analysts have also issued reports on MDB. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Bank of America boosted their price objective on shares of MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Guggenheim boosted their price target on MongoDB from $475.00 to $560.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada lifted their price objective on MongoDB from $395.00 to $515.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. 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 analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $461.87.

MongoDB Stock Performance

Shares of MDB stock opened at $434.21 on Wednesday. The stock’s 50 day simple moving average is $369.91 and its 200 day simple moving average is $322.27. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10. The company has a market capitalization of $34.92 billion, a price-to-earnings ratio of -1,173.54, a PEG ratio of 3,220.66 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same quarter last year, the firm posted $1.00 earnings per share. The company’s quarterly revenue 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. On average, analysts forecast that MongoDB will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the transaction, the director directly owned 161,762 shares in the company, valued at $61,980,727.92. This represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This represents a 76.92% 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. Over the last ninety days, insiders have sold 80,696 shares of company stock valued at $31,425,055. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in MongoDB in the 4th quarter valued at $33,000. Cassaday & Co Wealth Management LLC acquired a new position in MongoDB in the first quarter worth $34,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of MongoDB during the second quarter worth $34,000. NBH Bank bought a new stake in shares of MongoDB during the second quarter worth $34,000. Finally, CX Institutional increased its stake in shares of MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Results exceeded expectations: Revenue rose 30.5% year over year to $771.8 million, topping estimates of roughly $735 million, while adjusted EPS of $1.90 surpassed consensus near $1.61-$1.62. MongoDB fiscal 2027 second-quarter results
• Positive Sentiment: Atlas and AI demand remain key growth drivers: Atlas revenue increased approximately 29%, while enterprise and other revenue grew about 36%. Management cited record customer additions and increasing AI-related workloads. MongoDB earnings call highlights
• Positive Sentiment: Guidance was raised: Fiscal 2027 revenue is projected at approximately $2.99 billion to $3.03 billion, with the increase primarily tied to a stronger Atlas outlook of about 27% growth. Third-quarter revenue guidance of $756 million to $761 million and adjusted EPS guidance of $1.57 to $1.61 also exceed analyst estimates. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Analyst support improved: Monness Crespi & Hardt raised its price target to $460 and Cantor Fitzgerald lifted its target to $540, both maintaining bullish ratings. MongoDB analyst price-target changes
• Neutral Sentiment: The company remains focused on monetizing AI-native customers, but investors want evidence that AI demand can produce sustained acceleration beyond the current roughly 27%-30% Atlas growth range.
• Negative Sentiment: Strong results may not have been strong enough for the valuation: MongoDB had rallied substantially into earnings, leaving the stock vulnerable to profit-taking and a “sell the news” reaction.
• Negative Sentiment: Profitability and investment concerns weighed on sentiment: AI infrastructure and other capacity costs may pressure margins, while the third-quarter EPS outlook is below the $1.90 delivered in the latest quarter. Broader skepticism toward software stocks added to the selling pressure. MongoDB strong sales but stock declines

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.