MongoDB (NASDAQ:MDB) Given New $410.00 Price Target at UBS Group

MongoDB (NASDAQ:MDB) had its price target reduced by investment analysts at UBS Group from $460.00 to $410.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 9.04% from the company’s previous close.

Other analysts also recently issued research reports about the company. Rosenblatt Securities boosted their price objective on MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets decreased their target price on shares of MongoDB from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Wednesday. Canaccord Genuity Group set a $480.00 price target on shares of MongoDB in a report on Wednesday. Citizens Jmp reissued a “market outperform” rating and set a $519.00 price target on shares of MongoDB in a research report on Wednesday. Finally, Robert W. Baird raised their price target on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $464.00.

MongoDB Stock Performance

NASDAQ:MDB traded down $58.21 during trading hours on Wednesday, reaching $376.00. The company’s stock had a trading volume of 2,052,178 shares, compared to its average volume of 1,861,803. The firm has a market capitalization of $30.24 billion, a price-to-earnings ratio of -1,020.53, a PEG ratio of 3,220.66 and a beta of 1.58. The firm has a 50-day simple moving average of $369.91 and a 200-day simple moving average of $322.27. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the business 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. Equities analysts anticipate that MongoDB will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, CFO Michael J. Berry sold 5,000 shares of MongoDB 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $15,326,400.00. Following the completion of the transaction, the director directly owned 161,762 shares of the company’s stock, valued at $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 80,696 shares of company stock worth $31,425,055 over the last three months. Company insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. raised its position in MongoDB by 115.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after buying an additional 189,820 shares during the last quarter. Fiera Capital Corp raised its position in MongoDB by 33.6% in the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after acquiring an additional 46,051 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in MongoDB by 48.7% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after purchasing an additional 6,819 shares during the period. Assenagon Asset Management S.A. raised its stake 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 worth $43,022,000 after buying an additional 21,273 shares during the period. Finally, Bluebird Wealth Management LLC bought a new stake in MongoDB during the 4th quarter worth approximately $1,802,000. 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: MongoDB reported revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations of approximately $1.62. MongoDB fiscal second-quarter results
• Positive Sentiment: Management raised fiscal 2027 guidance, projecting revenue of about $2.99 billion to $3.03 billion and adjusted EPS of $6.39 to $6.58. Third-quarter revenue guidance of $756 million to $761 million also topped analyst expectations. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Atlas remained a major growth driver, with revenue increasing approximately 29%, while enterprise and other revenue rose about 36%. Management cited strong enterprise workloads and early AI-related use cases as support for its upgraded outlook. MongoDB earnings call highlights
• Neutral Sentiment: Several analysts maintained Buy or Outperform ratings and issued price targets ranging from $430 to $560, suggesting that Wall Street remains broadly constructive on MongoDB’s long-term growth prospects. However, the targets vary widely after the earnings release. Analyst forecasts after MongoDB results
• Negative Sentiment: Atlas growth remained near 29%, broadly unchanged from recent quarters, disappointing investors who expected a clearer acceleration from AI demand. Chief Executive Officer Dev Ittycheria reportedly said he was surprised and disappointed by the market reaction, while noting a more meaningful Atlas growth inflection could still be several quarters away. MongoDB Atlas growth misses expectations
• Negative Sentiment: Investors also cited elevated AI and infrastructure costs, profit-taking after a strong run, and MongoDB’s demanding valuation. The company continues to report a slightly negative net margin, increasing the market’s sensitivity to any sign that growth is not accelerating quickly enough. MongoDB AI infrastructure costs

About MongoDB

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.