MongoDB (NASDAQ:MDB) Receives Market Outperform Rating from Citizens Jmp

Citizens Jmp reaffirmed their market outperform rating on shares of MongoDB (NASDAQ:MDB) in a research report report published on Friday,Benzinga reports. They currently have a $366.00 target price on the stock.

MDB has been the topic of several other research reports. Piper Sandler lifted their target price on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday. Needham & Company LLC reissued an “overweight” rating on shares of MongoDB in a research report on Friday. Mizuho lifted their price objective on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Friday. UBS Group boosted their target price on MongoDB from $275.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Cantor Fitzgerald upped their price objective on MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a report on Tuesday. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $390.43.

MongoDB Price Performance

MongoDB stock opened at $335.55 on Friday. The stock’s 50 day moving average price is $273.44 and its 200 day moving average price is $333.74. The company has a market cap of $26.97 billion, a PE ratio of -906.89 and a beta of 1.48. MongoDB has a 1-year low of $182.43 and a 1-year high of $444.72.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. The firm had revenue of $687.62 million during 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 business’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm 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 research analysts anticipate that MongoDB will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the sale, the director owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the transaction, the director directly owned 993,316 shares in the company, valued at $295,998,234.84. This trade represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,566 shares of company stock worth $8,744,791 over the last three months. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division acquired a new stake in MongoDB during the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC grew its holdings in shares of MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC acquired a new position in shares of MongoDB in the 4th quarter worth approximately $33,000. Root Financial Partners LLC raised its holdings in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in MongoDB in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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

MongoDB Company Profile

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.