MongoDB (NASDAQ:MDB) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded MongoDB to “strong buy” from “hold,” while several analysts raised price targets. The stock carries a consensus “moderate buy” rating and average target of $471.81.
• MongoDB beat quarterly expectations with $1.90 in EPS versus $1.62 expected and revenue of $771.77 million versus $735.01 million, representing 30.5% year-over-year growth.
• Insiders sold roughly $16.1 million of shares over the past 90 days, while institutional investors remain heavily involved, owning 89.29% of the stock.

MongoDB (NASDAQ:MDB - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Thursday, Zacks reports.

Several other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group lifted their price objective on MongoDB from $400.00 to $480.00 and gave the stock a "buy" rating in a report on Wednesday. Guggenheim reissued a "buy" rating and set a $560.00 target price on shares of MongoDB in a report on Wednesday. The Goldman Sachs Group raised their target price on MongoDB from $453.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday. Piper Sandler reaffirmed an "overweight" rating and issued a $470.00 price target (up from $400.00) on shares of MongoDB in a research note on Wednesday. Finally, Oppenheimer boosted their price target on MongoDB from $410.00 to $475.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $471.81.

MongoDB Stock Performance

NASDAQ:MDB opened at $368.74 on Thursday. The company has a fifty day moving average of $374.27 and a two-hundred day moving average of $322.83. The stock has a market capitalization of $29.66 billion, a PE ratio of 519.35, a P/E/G ratio of 52.65 and a beta of 1.58. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Research analysts forecast that MongoDB will post 0.37 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of the company's stock in a transaction on Monday, June 15th. The stock was 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 $534,945. This represents a 76.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the firm's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the completion of the sale, the director directly owned 983,316 shares of the company's stock, valued at $348,005,365.56. This trade represents a 1.01% 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. Over the last 90 days, insiders have sold 40,696 shares of company stock worth $16,098,655. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fiera Capital Corp raised its position in shares of MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company's stock valued at $76,818,000 after buying an additional 46,051 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in MongoDB by 48.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company's stock valued at $6,990,000 after acquiring an additional 6,819 shares during the last quarter. Assenagon Asset Management S.A. grew its position in MongoDB by 19.9% in the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company's stock worth $43,022,000 after acquiring an additional 21,273 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in MongoDB by 16.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 88,298 shares of the company's stock worth $35,288,000 after acquiring an additional 12,304 shares during the last quarter. Finally, Daventry Group LP increased its stake in MongoDB by 21.3% during the first quarter. Daventry Group LP now owns 82,105 shares of the company's stock worth $20,097,000 after acquiring an additional 14,412 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

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.

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