MongoDB’s (MDB) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of MongoDB (NASDAQ:MDB) in a research report report published on Tuesday,Benzinga reports. Needham & Company LLC currently has a $430.00 price target on the stock.

MDB has been the topic of a number of other reports. Piper Sandler reissued an “overweight” rating and set a $470.00 price target on shares of MongoDB in a report on Wednesday, September 30th. Barclays upped their price objective on MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Rosenblatt Securities upped their price objective on MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $540.00 target price on shares of MongoDB in a research report on Friday, October 2nd. Finally, Citigroup reiterated a “market outperform” rating on shares of MongoDB in a research report on Monday, September 28th. Two investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.91.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $366.49 on Tuesday. The company has a market capitalization of $29.52 billion, a P/E ratio of 1,549.09, a P/E/G ratio of 34.49 and a beta of 1.74. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10. The firm’s 50 day simple moving average is $395.65 and its two-hundred day simple moving average is $340.65.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company’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 company 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, sell-side analysts anticipate that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of the firm’s 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 directly owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 MongoDB stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $359.97, for a total transaction of $3,599,700.00. Following the completion of the sale, the director owned 952,953 shares in the company, valued at approximately $343,034,491.41. This represents a 1.04% 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 ninety days, insiders sold 32,595 shares of company stock valued at $13,465,211. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MDB. Fred Alger Management LLC lifted its position in shares of MongoDB by 7.3% in the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock worth $235,704,000 after buying an additional 38,225 shares in the last quarter. Bank of America Corp DE grew its holdings in MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after buying an additional 1,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in MongoDB by 55.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after buying an additional 195,250 shares in the last quarter. Employees Provident Fund Board purchased a new position in MongoDB during the 4th quarter valued at approximately $203,365,000. Finally, Polar Capital Holdings Plc grew its holdings in MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after buying an additional 379,289 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB’s growing large-enterprise customer base is supporting higher MongoDB Atlas consumption, recurring revenue and broader adoption of AI-powered database capabilities. This suggests the cloud platform could sustain strong growth as businesses modernize their data infrastructure. MongoDB’s enterprise customer base grows
• Positive Sentiment: Analysts remain constructive on MongoDB’s long-term prospects. Needham reaffirmed a Buy rating with a $430 price target, while Bank of America maintained a $540 target, citing enterprise modernization, AI application development and MongoDB’s differentiated document-database platform. Bank of America highlights MongoDB’s AI strategy
• Positive Sentiment: A recent investment case argues that the pullback in MongoDB shares may create an opportunity, pointing to Atlas growth, expanding AI capabilities and rising earnings estimates. The company’s latest reported quarter also exceeded expectations, with revenue up 30.5% year over year and earnings above consensus. Why investors may consider MongoDB after its pullback
• Neutral Sentiment: Broader concerns about AI-company valuations and the pace of AI infrastructure spending could affect sentiment toward MongoDB, although the developments do not directly change its operating results. AI valuation and infrastructure concerns
• Negative Sentiment: MongoDB’s CEO was reportedly recruited by another technology company, creating leadership uncertainty and contributing to recent investor concerns. This is a risk to execution even as analysts continue to support the stock. MongoDB CEO departure concerns
• Negative Sentiment: Directors Archana Agrawal and Dwight Merriman sold shares totaling approximately $777,000 in the latest disclosures. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but insider selling may still weigh modestly on sentiment. MongoDB insider transaction filings

MongoDB Company Profile

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.