MongoDB (NASDAQ:MDB) Stock Rating Lowered by Wall Street Zen

MongoDB (NASDAQ:MDB) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

MDB has been the topic of a number of other research reports. Weiss Ratings lowered shares of MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Tigress Financial lifted their price target on shares of MongoDB from $430.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday. Citizens Jmp reiterated a “market outperform” rating and set a $366.00 price target on shares of MongoDB in a report on Friday, May 29th. Canaccord Genuity Group lifted their price target on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Cantor Fitzgerald lifted their price target on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $394.45.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $350.74 on Friday. The firm has a market cap of $28.19 billion, a PE ratio of -947.95 and a beta of 1.57. The firm’s fifty day moving average is $285.37 and its 200-day moving average is $334.35. MongoDB has a 52 week low of $196.00 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly 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. The company had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Sell-side analysts forecast that MongoDB will post 0.02 EPS for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the transaction, the director owned 993,316 shares in the company, valued at $295,998,234.84. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the transaction, the director owned 150,550 shares in the company, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 76,616 shares of company stock worth $26,629,774 over the last quarter. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Clark Financial Services Group Inc. BD lifted its holdings in MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after buying an additional 25 shares during the period. Root Financial Partners LLC increased its stake 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 purchasing an additional 32 shares in the last quarter. True Wealth Design LLC increased its stake in MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.