MongoDB (NASDAQ:MDB) Given New $387.00 Price Target at Barclays

MongoDB (NASDAQ:MDB) had its price target hoisted by Barclays from $370.00 to $387.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the company. Weiss Ratings lowered MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Guggenheim reiterated a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a research note on Friday. Morgan Stanley lifted their price objective on MongoDB from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday. Monness Crespi & Hardt lifted their price objective on MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus dropped their price objective on MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Twenty-seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $390.43.

MongoDB Price Performance

NASDAQ MDB opened at $335.55 on Friday. The stock’s 50-day moving average is $273.44 and its two-hundred day moving average is $333.74. The firm has a market cap of $26.97 billion, a P/E ratio of -906.89 and a beta of 1.48. MongoDB has a fifty-two week low of $182.43 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 earnings per share. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities analysts expect that MongoDB will post -0.46 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the sale, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at $148,322,822.08. The trade was a 1.26% 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. Insiders have sold 31,566 shares of company stock worth $8,744,791 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently added to or reduced their stakes in the stock. Groupama Asset Managment boosted its holdings in MongoDB by 2.2% during the first quarter. Groupama Asset Managment now owns 15,147 shares of the company’s stock valued at $3,708,000 after purchasing an additional 325 shares in the last quarter. Bank of America Corp DE boosted its holdings in MongoDB by 0.3% during the first quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after purchasing an additional 1,852 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in MongoDB by 9.5% during the first quarter. Centaurus Financial Inc. now owns 2,319 shares of the company’s stock valued at $568,000 after purchasing an additional 202 shares in the last quarter. Bull Harbor Capital LLC acquired a new stake in MongoDB during the first quarter valued at approximately $674,000. Finally, Ashton Thomas Securities LLC acquired a new stake in MongoDB during the first quarter valued at approximately $431,000. 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: MongoDB reported Q1 earnings of $1.32 per share, ahead of estimates, while revenue rose 25% year over year to $687.6 million, topping forecasts. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised full-year fiscal 2027 guidance, with stronger-than-expected revenue and EPS targets, which suggests continued momentum in the business. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas cloud database growth remained a key driver, with strong customer expansion and AI-related demand helping support the company’s growth story. MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y
• Positive Sentiment: Multiple brokerages raised price targets or reaffirmed bullish ratings, including Citigroup, Bank of America, Wedbush, Oppenheimer, Mizuho, Scotiabank, Barclays, Guggenheim, and others, reinforcing investor optimism after the results. Analyst rating and price target updates
• Neutral Sentiment: Some commentary noted that the stock had an initial sharp after-hours surge before easing back, reflecting volatile trading around the earnings release. Why MDB Stock Is Up Overnight After Wild Ride Today
• Neutral Sentiment: Some articles framed MongoDB as a high-expectations AI/database winner, but also highlighted competitive and execution risks that could matter if growth slows. MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

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.