MongoDB, Inc. (NASDAQ:MDB) Given Average Rating of “Moderate Buy” by Analysts

MongoDB, Inc. (NASDAQ:MDB) has earned a consensus recommendation of “Moderate Buy” from the thirty-five brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty-seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $396.3871.

A number of brokerages recently issued reports on MDB. Citigroup reissued a “buy” rating on shares of MongoDB in a report on Monday, June 8th. Stifel Nicolaus set a $435.00 price objective on MongoDB in a report on Friday, May 29th. Wedbush raised their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Finally, Morgan Stanley raised their price target on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, May 29th.

MongoDB Stock Performance

Shares of MDB opened at $314.71 on Monday. The stock’s 50-day simple moving average is $312.40 and its 200 day simple moving average is $331.90. The stock has a market capitalization of $25.31 billion, a price-to-earnings ratio of -850.56, a price-to-earnings-growth ratio of 1,132.50 and a beta of 1.57. MongoDB has a 52-week low of $198.47 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (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 analysts’ expectations 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 quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS. 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, research analysts forecast that MongoDB will post 0.02 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $398.07, for a total value of $17,534,983.50. Following the sale, the director owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael J. 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 value of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $534,945. The trade was a 76.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 139,182 shares of company stock worth $49,910,727. 2.60% of the stock is owned by insiders.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division purchased a new stake in shares of MongoDB in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MongoDB in the 4th quarter valued at about $33,000. Root Financial Partners LLC raised its holdings in shares of MongoDB by 58.2% in the 4th 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 purchased a new stake in shares of MongoDB in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.