MongoDB (NASDAQ:MDB) Price Target Raised to $445.00 at Rosenblatt Securities

MongoDB (NASDAQ:MDB) had its price target raised by equities researchers at Rosenblatt Securities from $395.00 to $445.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 2.48% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Guggenheim upped their price target on MongoDB from $475.00 to $560.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $453.00 price objective on shares of MongoDB in a report on Wednesday, August 19th. Weiss Ratings upgraded MongoDB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. Finally, Truist Financial upped their price target on shares of MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $464.74.

MongoDB Trading Down 4.2%

MongoDB stock opened at $434.21 on Wednesday. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The business’s 50 day simple moving average is $369.91 and its 200 day simple moving average is $322.27. The company has a market cap 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 posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the prior year, the company posted $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. As a group, equities research analysts forecast that MongoDB will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the completion of the transaction, the director owned 983,316 shares of the company’s stock, valued at $348,005,365.56. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the sale, the director directly owned 161,762 shares in the company, valued at $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 80,696 shares of company stock worth $31,425,055 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of MongoDB during the 4th quarter valued at $33,000. Root Financial Partners LLC grew its position in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in MongoDB during the 2nd quarter valued at approximately $34,000. NBH Bank purchased a new stake in MongoDB during the 2nd quarter valued at about $34,000. Finally, CX Institutional increased its holdings in MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Trending Headlines about 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

MongoDB Company Profile

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.