Stifel Nicolaus Cuts MongoDB (NASDAQ:MDB) Price Target to $465.00

MongoDB (NASDAQ:MDB) had its target price reduced by Stifel Nicolaus from $475.00 to $465.00 in a report released on Wednesday, Marketbeat reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird upped their price target on shares of MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Evercore initiated coverage on MongoDB in a research note on Friday, August 21st. They issued an “outperform” rating and a $525.00 target price on the stock. UBS Group raised their price target on MongoDB from $350.00 to $460.00 and gave the stock a “neutral” rating in a research report on Monday, August 24th. Monness Crespi & Hardt boosted their price target on MongoDB from $415.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Finally, Truist Financial increased their price objective on MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $471.81.

MongoDB Stock Performance

MongoDB stock opened at $368.74 on Wednesday. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of 519.35, a price-to-earnings-growth ratio of 52.65 and a beta of 1.58. The stock’s fifty day moving average is $374.27 and its two-hundred day moving average is $322.83.

MongoDB (NASDAQ:MDB) last released its quarterly 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. The business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. 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, sell-side analysts forecast that MongoDB will post 0.37 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Dwight Merriman sold 6,000 shares of MongoDB stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the sale, the director owned 452,896 shares of the company’s stock, valued at $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CFO Michael Berry sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% decrease in their ownership of the stock. 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. Insiders have sold 40,696 shares of company stock worth $16,098,655 over the last quarter. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $33,000. Root Financial Partners LLC raised its holdings in shares of MongoDB by 58.2% in 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 period. Smallwood Wealth Investment Management LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at about $34,000. NBH Bank acquired a new position in shares of MongoDB in the 2nd quarter valued at about $34,000. Finally, CX Institutional grew its holdings in shares of 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 period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

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.