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

MongoDB, Inc. (NASDAQ:MDB) has been assigned an average rating of “Moderate Buy” from the thirty-five ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $405.3548.

Several equities analysts have issued reports on the stock. Barclays lifted their price target on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. UBS Group increased their price objective on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Canaccord Genuity Group raised their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer boosted their target price on MongoDB from $375.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, DA Davidson reaffirmed a “buy” rating and set a $375.00 target price on shares of MongoDB in a research report on Friday, May 29th.

MongoDB Stock Performance

NASDAQ:MDB opened at $299.14 on Friday. MongoDB has a fifty-two week low of $198.47 and a fifty-two week high of $444.72. The stock has a market capitalization of $24.06 billion, a P/E ratio of -808.49, a P/E/G ratio of 1,249.88 and a beta of 1.55. The company’s 50-day simple moving average is $337.03 and its 200-day simple moving average is $320.39.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the previous year, the business posted $1.00 EPS. MongoDB’s revenue was up 25.2% on a year-over-year basis. 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 EPS for the current year.

Insiders Place Their Bets

In related news, Director Roelof Botha sold 44,050 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the completion of the transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,130 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $334.25, for a total transaction of $377,702.50. Following the completion of the transaction, the director directly owned 982,953 shares of the company’s stock, valued at $328,552,040.25. The trade was a 0.11% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 127,746 shares of company stock valued at $47,343,538. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its holdings in shares of MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares during the last quarter. NewEdge Advisors LLC lifted its position in MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after acquiring an additional 1,504 shares during the period. Sivia Capital Partners LLC acquired a new stake in MongoDB during the 2nd quarter worth about $329,000. Cresset Asset Management LLC grew its stake in MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after purchasing an additional 370 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,697 shares during the last quarter. Institutional investors and hedge funds 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.