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

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating reissued by equities researchers at Citizens Jmp in a note issued to investors on Wednesday, Benzinga reports. They presently have a $519.00 price objective on the stock. Citizens Jmp’s price target would indicate a potential upside of 48.58% from the stock’s previous close.

MDB has been the subject of a number of other reports. Oppenheimer boosted their price objective on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein lifted their price target on shares of MongoDB from $449.00 to $484.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. DA Davidson restated a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a research report on Tuesday. Stifel Nicolaus cut their target price on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Mizuho set a $460.00 target price on MongoDB in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $462.59.

MongoDB Stock Performance

Shares of MDB stock traded up $12.11 on Wednesday, reaching $349.30. 5,269,060 shares of the company’s stock traded hands, compared to its average volume of 2,018,039. The business’s 50 day moving average price is $387.97 and its two-hundred day moving average price is $331.74. The company has a market capitalization of $28.14 billion, a P/E ratio of 492.53, a price-to-earnings-growth ratio of 35.95 and a beta of 1.58. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The business 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%. MongoDB’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior 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. Research analysts predict that MongoDB will post 0.47 earnings per share for the current year.

Insider Activity

In related news, Director Hope Cochran sold 1,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the completion of the sale, the director owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,000 shares of company stock worth $7,792,320 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently added to or reduced their stakes in MDB. Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB during the first quarter worth about $34,000. Smallwood Wealth Investment Management LLC acquired a new position in MongoDB in the 2nd quarter valued at approximately $34,000. NBH Bank bought a new position in MongoDB during the 2nd quarter worth $34,000. CX Institutional raised its holdings in MongoDB by 94.3% during the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC boosted its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Higher growth outlook: MongoDB raised its fiscal 2028–2030 revenue-growth target to at least 20%, up from the high teens. Bank of America called Investor Day a net positive and maintained its Buy rating. Management also indicated that Atlas could grow at a mid-20% rate over the next several years. MongoDB has AI momentum on its side, BofA says following investor day
• Positive Sentiment: AI product momentum: MongoDB launched MongoDB 9.0, Atlas Infinite and Atlas Agent Engine. The releases are designed to improve database performance, support highly elastic AI workloads and provide retrieval, memory and governance tools for production AI agents. The company also partnered with Cognition to help customers modernize legacy infrastructure for MongoDB Atlas. MongoDB launches Atlas Agent Engine
• Positive Sentiment: Analyst and options support: Citizens JMP, RBC, Needham and DA Davidson reaffirmed favorable ratings, with price targets ranging from $430 to $519. Investors also purchased an unusually high volume of call options, suggesting increased speculative bullish interest after the selloff.
• Neutral Sentiment: Leadership transition being managed: The board reinstated former CEO Dev Ittycheria as interim chief executive, reaffirmed fiscal 2027 guidance and began searching for a permanent successor. These steps reduce immediate execution concerns, but the lack of a permanent CEO remains an overhang. MongoDB Stock Drops After CEO Exit
• Negative Sentiment: CEO departure remains a risk: Desai’s unexpected move to Meta raised questions about MongoDB’s strategy and leadership continuity, contributing to a significant recent decline. Some analysts lowered their price targets, including Stifel to $385, Stephens to $372 and BMO to $420, despite retaining 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.