MongoDB, Inc. (NASDAQ:MDB) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts remain broadly positive: MongoDB has a “Moderate Buy” consensus from 35 analysts, with an average 12-month price target of approximately $471.81.
• Recent results exceeded expectations: The company reported quarterly EPS of $1.90 versus the $1.62 consensus and revenue of $771.77 million, up 30.5% year over year.
• Shares traded lower: MongoDB opened at $362.21, down 3.1%, while insiders sold 30,696 shares worth $12.56 million during the latest quarter.

Shares of MongoDB, Inc. (NASDAQ:MDB - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirty-five analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $471.8065.

A number of analysts have commented on MDB shares. Scotiabank reaffirmed an "outperform" rating on shares of MongoDB in a research note on Wednesday, September 2nd. Needham & Company LLC reissued a "buy" rating and set a $430.00 target price on shares of MongoDB in a research report on Wednesday, September 2nd. Morgan Stanley upped their target price on shares of MongoDB from $380.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. Evercore assumed coverage on shares of MongoDB in a research report on Friday, August 21st. They set an "outperform" rating and a $525.00 target price on the stock. Finally, Tigress Financial lifted their price objective on MongoDB from $430.00 to $515.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd.

MongoDB Trading Down 3.1%

Shares of MDB opened at $362.21 on Friday. The stock has a 50 day moving average of $375.79 and a 200-day moving average of $323.06. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The firm has a market cap of $29.13 billion, a price-to-earnings ratio of 510.15, a PEG ratio of 39.47 and a beta of 1.58.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The business's revenue for the quarter was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, sell-side analysts predict that MongoDB will post 0.48 earnings per share for the current fiscal year.

Insider Activity

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 shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares of the company's stock, valued at approximately $534,945. This represents a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the sale, the director owned 962,953 shares in the company, valued at $453,156,052.27. This represents a 1.03% 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 sold 30,696 shares of company stock valued at $12,559,555 in the last quarter. Company insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Sequoia Financial Advisors LLC increased its stake in MongoDB by 36.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company's stock valued at $877,000 after acquiring an additional 701 shares during the last quarter. National Pension Service increased its holdings in MongoDB by 10.7% in the second quarter. National Pension Service now owns 153,687 shares of the company's stock valued at $51,623,000 after purchasing an additional 14,866 shares during the period. NewEdge Advisors LLC lifted its stake in shares of MongoDB by 10.3% in the second quarter. NewEdge Advisors LLC now owns 4,287 shares of the company's stock worth $1,440,000 after acquiring an additional 400 shares during the period. Stableford Capital II LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at about $726,000. Finally, Arizona State Retirement System grew its stake in MongoDB by 1.6% during the second quarter. Arizona State Retirement System now owns 22,467 shares of the company's stock worth $7,547,000 after purchasing an additional 351 shares during the period. 89.29% of the stock is owned by institutional investors.

About MongoDB

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.

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