MongoDB’s (MDB) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of MongoDB (NASDAQ:MDB) in a research report sent to investors on Friday, MarketBeat Ratings reports. Cantor Fitzgerald currently has a $540.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird upped their target price on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Piper Sandler reiterated an “overweight” rating and set a $470.00 price target on shares of MongoDB in a research note on Wednesday. Evercore reissued an “outperform” rating on shares of MongoDB in a report on Thursday, September 24th. Mizuho set a $460.00 price objective on MongoDB in a report on Tuesday, September 29th. Finally, Monness Crespi & Hardt increased their price objective on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Two investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.59.

MongoDB Stock Performance

Shares of MDB stock opened at $357.96 on Friday. The firm has a market capitalization of $28.84 billion, a PE ratio of 504.17, a price-to-earnings-growth ratio of 38.46 and a beta of 1.74. The firm has a fifty day simple moving average of $391.09 and a two-hundred day simple moving average of $333.65. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The firm 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%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter 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, equities analysts predict that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. This represents a 1.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction dated 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 sale, the director 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 position. The disclosure for this sale is available in the SEC filing. 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 over the last three months. 2.60% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently modified their holdings of the company. Capital World Investors grew its position in shares of MongoDB by 129.1% during the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after acquiring an additional 552,434 shares during the period. Employees Provident Fund Board purchased a new stake in shares of MongoDB during the 4th quarter worth approximately $203,365,000. Polar Capital Holdings Plc increased its stake in shares of MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock worth $180,973,000 after purchasing an additional 379,289 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of MongoDB by 21.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock worth $560,872,000 after purchasing an additional 239,338 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of MongoDB by 125.3% in the 1st quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after purchasing an additional 204,446 shares during the period. Institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial upside from the referenced share price. Cantor Fitzgerald rating report
• Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
• Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
• Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
• Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance analysis

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.