MongoDB (NASDAQ:MDB) Upgraded at Wall Street Zen

MongoDB (NASDAQ:MDB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

MDB has been the topic of a number of other reports. Wedbush increased their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America increased their price objective on shares of MongoDB from $375.00 to $390.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus set a $435.00 price objective on shares of MongoDB in a research note on Friday. Rosenblatt Securities reiterated a “buy” rating and set a $385.00 price objective on shares of MongoDB in a research note on Tuesday. Finally, Robert W. Baird increased their price objective on shares of MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a research note on Wednesday, May 20th. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $390.43.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $335.55 on Friday. The firm has a market cap of $26.97 billion, a PE ratio of -906.89 and a beta of 1.48. The firm’s 50 day simple moving average is $273.44 and its 200-day simple moving average is $333.74. MongoDB has a one year low of $182.43 and a one year high of $444.72.

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

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction 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 completion of the transaction, the director 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the transaction, the director directly owned 470,896 shares of the company’s stock, valued at $148,322,822.08. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,566 shares of company stock valued at $8,744,791 over the last quarter. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in shares of MongoDB in the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC grew its position 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 stake in shares of MongoDB in the fourth quarter valued at about $33,000. Root Financial Partners LLC grew its position in shares of 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 purchasing an additional 32 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in shares of MongoDB in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Key Stories Impacting 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.