MongoDB (NASDAQ:MDB) Stock Keeps “Buy” Rating at Needham & Company LLC

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $430.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 20.04% from the company’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus dropped their price target on shares of MongoDB from $475.00 to $465.00 and set a “buy” rating on the stock in a research report on Wednesday, September 2nd. Truist Financial raised their price objective on shares of MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Evercore restated an “outperform” rating on shares of MongoDB in a research report on Thursday, September 24th. Canaccord Genuity Group increased their price target on MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $519.00 price target on shares of MongoDB in a research report 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $465.25.

MongoDB Stock Performance

NASDAQ:MDB opened at $358.22 on Wednesday. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock has a market cap of $28.86 billion, a price-to-earnings ratio of 479.71, a PEG ratio of 35.95 and a beta of 1.58. The business has a fifty day moving average of $387.97 and a 200-day moving average of $331.74.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company’s revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the business earned $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 research analysts predict that MongoDB will post 0.47 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Hope Cochran sold 1,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the transaction, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 10,000 shares of the stock in a transaction on 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 sale, the director owned 962,953 shares of the company’s stock, valued at $453,156,052.27. This trade represents a 1.03% 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. In the last 90 days, insiders sold 17,000 shares of company stock worth $7,792,320. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

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

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB launched MongoDB 9.0, which offers up to 2x higher throughput, 35% faster reads and 30% faster updates, along with Atlas Infinite, a deployment option designed to handle highly variable AI-driven demand. These capabilities could support Atlas adoption and enterprise workloads. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: The company introduced Atlas Agent Engine, a platform combining execution, memory, retrieval and governance for production AI agents. MongoDB also partnered with Cognition, the developer of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. MongoDB launches Atlas Agent Engine
• Positive Sentiment: Analysts continue to see long-term upside. Needham reaffirmed a “buy” rating with a $430 target, while BMO Capital Markets and Stifel maintained bullish ratings despite reducing their targets to $420 and $385, respectively. Stephens assigned an “equal weight” rating with a $372 target.
• Neutral Sentiment: The board appointed former CEO Dev Ittycheria as interim chief executive and reaffirmed its third-quarter and full-year fiscal 2027 guidance, suggesting the leadership transition has not yet changed operating expectations. Investors will look for evidence of continuity at Investor Day and in upcoming results. MongoDB stock drops after CEO exit
• Negative Sentiment: Desai’s sudden exit, less than a year into his tenure and immediately before Investor Day, raised concerns about strategic continuity and execution. His move to Meta also creates a potential competitive threat because Meta’s enterprise platform may target the same developers and corporate customers as MongoDB. MongoDB falls after CEO Desai’s exit
• Negative Sentiment: The target-price reductions reflect greater uncertainty and a valuation that leaves limited room for execution mistakes. MongoDB’s elevated valuation and relatively thin net margin make the stock particularly sensitive to leadership, growth and competitive concerns.

MongoDB Company Profile

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.