MongoDB (NASDAQ:MDB) Stock Rating Reaffirmed as “Overweight” by Cantor Fitzgerald

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating restated by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Friday, Marketbeat.com reports. They currently have a $540.00 price objective on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 49.70% from the company’s previous close.

A number of other analysts also recently issued reports on MDB. UBS Group decreased their price target on MongoDB from $410.00 to $375.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Canaccord Genuity Group lifted their price target on MongoDB from $400.00 to $480.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. KGI Securities started coverage on MongoDB in a report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target for the company. Stifel Nicolaus decreased their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Finally, Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $462.59.

MongoDB Price Performance

MDB opened at $360.71 on Friday. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The stock has a market capitalization of $29.06 billion, a price-to-earnings ratio of 508.04, a PEG ratio of 38.59 and a beta of 1.74. The business has a fifty day moving average price of $393.08 and a 200 day moving average price of $334.91.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the previous year, the firm posted $1.00 EPS. MongoDB’s revenue for the quarter was up 30.5% on a year-over-year basis. 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, research analysts anticipate that MongoDB will post 0.47 earnings per share for the current year.

Insider Activity

In other news, Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the business’s stock in a transaction dated 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 directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,000 shares of company stock valued at $7,792,320 over the last three months. Company insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Juncture Wealth Strategies LLC grew its position in MongoDB by 10.3% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 792 shares of the company’s stock valued at $276,000 after buying an additional 74 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in MongoDB by 5,333.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 8,150 shares of the company’s stock valued at $2,841,000 after buying an additional 8,000 shares during the period. Versant Capital Management Inc raised its stake in shares of MongoDB by 8.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,712 shares of the company’s stock worth $597,000 after buying an additional 137 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of MongoDB by 10.3% during the 2nd quarter. QRG Capital Management Inc. now owns 1,341 shares of the company’s stock worth $450,000 after buying an additional 125 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of MongoDB by 59.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,243 shares of the company’s stock worth $2,433,000 after buying an additional 2,697 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.