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

Key Points

• MongoDB, Inc. has an average rating of "Moderate Buy" from 39 ratings firms, with two analysts giving a strong buy recommendation and one analyst suggesting a sell.
• Analysts have recently increased their price targets for MongoDB, with Bank of America raising it to $380 and Morgan Stanley to $325.
• The company reported a revenue increase of 23.7% year-over-year in its latest quarterly earnings, although it missed the earnings per share estimate.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has received an average rating of "Moderate Buy" from the thirty-nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, twenty-eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $342.6857.

Several equities research analysts have recently weighed in on MDB shares. Morgan Stanley increased their price target on MongoDB from $255.00 to $325.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Sanford C. Bernstein upped their target price on MongoDB from $319.00 to $338.00 and gave the company an "outperform" rating in a report on Wednesday, August 27th. Bank of America increased their target price on shares of MongoDB from $345.00 to $380.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Scotiabank raised their price target on shares of MongoDB from $280.00 to $320.00 and gave the stock a "sector perform" rating in a report on Friday, September 19th. Finally, Canaccord Genuity Group upped their price objective on shares of MongoDB from $340.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 22nd.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $326.25, for a total value of $326,250.00. Following the transaction, the chief accounting officer directly owned 11,598 shares of the company's stock, valued at $3,783,847.50. The trade was a 7.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles M. Hazard, Jr. sold 166 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total value of $51,460.00. Following the sale, the director owned 14,493 shares in the company, valued at approximately $4,492,830. The trade was a 1.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,163 shares of company stock valued at $36,661,482. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MDB. Vanguard Group Inc. increased its stake in MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock valued at $1,796,321,000 after purchasing an additional 744,547 shares in the last quarter. State Street Corp boosted its position in shares of MongoDB by 5.0% during the 2nd quarter. State Street Corp now owns 1,693,194 shares of the company's stock worth $355,554,000 after purchasing an additional 80,334 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company's stock valued at $292,597,000 after buying an additional 68,611 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock valued at $223,011,000 after buying an additional 129,451 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock valued at $233,435,000 after buying an additional 1,069,969 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Performance

MDB stock opened at $325.76 on Wednesday. The company has a market capitalization of $26.50 billion, a P/E ratio of -332.41 and a beta of 1.50. The company has a fifty day moving average price of $299.62 and a 200-day moving average price of $232.28. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. As a group, sell-side analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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