BMO Capital Markets Cuts MongoDB (NASDAQ:MDB) Price Target to $450.00

MongoDB (NASDAQ:MDB) had its price objective decreased by BMO Capital Markets from $500.00 to $450.00 in a research note issued to investors on Wednesday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts have also issued reports on MDB. Tigress Financial upped their target price on MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Scotiabank restated an “outperform” rating on shares of MongoDB in a research note on Friday, May 29th. Sanford C. Bernstein boosted their price target on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating and set a $565.00 price objective (up from $545.00) on shares of MongoDB in a research note on Wednesday. Two equities 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 stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Trading Down 4.1%

Shares of MDB stock opened at $368.74 on Wednesday. The firm’s fifty day moving average price is $374.27 and its two-hundred day moving average price is $322.83. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The firm has a market capitalization of $29.66 billion, a P/E ratio of 519.35, a PEG ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million during 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 company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the business 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, equities research analysts forecast that MongoDB will post 0.37 EPS for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the transaction, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were 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 in the company, valued at $204,595,768. This represents a 1.31% decrease in their position. 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. In the last ninety days, insiders sold 40,696 shares of company stock worth $16,098,655. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in MongoDB by 115.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after purchasing an additional 189,820 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of MongoDB by 33.6% in the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after purchasing an additional 46,051 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of MongoDB by 48.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after purchasing an additional 6,819 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of MongoDB by 19.9% in the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after purchasing an additional 21,273 shares during the period. Finally, Bluebird Wealth Management LLC bought a new position in shares of MongoDB in the fourth quarter valued at about $1,802,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about 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.