MongoDB (NASDAQ:MDB) Trading 4.1% Higher – What’s Next?

MongoDB, Inc. (NASDAQ:MDB)’s stock price shot up 4.1% on Thursday . The company traded as high as $374.36 and last traded at $373.1390. Approximately 489,326 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 1,899,280 shares. The stock had previously closed at $358.38.

Analyst Ratings Changes

MDB has been the subject of several research reports. Wedbush increased their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Oppenheimer boosted their price objective on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Canaccord Genuity Group lifted their target price on shares of MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $519.00 target price on shares of MongoDB in a report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Trading Up 5.3%

The company has a market capitalization of $30.35 billion, a PE ratio of 531.98, a price-to-earnings-growth ratio of 37.41 and a beta of 1.58. The business’s fifty day moving average is $375.26 and its two-hundred day moving average is $322.58.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter last year, the company earned $1.00 EPS. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. 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 anticipate that MongoDB, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, CFO Michael Berry sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer owned 1,500 shares of the company’s stock, valued at $534,945. This trade represents a 76.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the completion of the sale, the director owned 25,444 shares of the company’s stock, valued at $8,754,008.20. This represents a 5.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 40,696 shares of company stock worth $16,098,655. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its stake in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of MongoDB in the 2nd quarter worth $329,000. Cresset Asset Management LLC boosted its stake in shares of MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after buying an additional 370 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after acquiring an additional 2,697 shares during the period. Institutional investors own 89.29% of the company’s stock.

About MongoDB

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.