MongoDB, Inc. (NASDAQ:MDB) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is positive: MongoDB has a “Moderate Buy” consensus from 35 firms, with 27 buys, six holds, one sell and one strong buy. The average 12-month price target is $414.23.
• Quarterly results exceeded expectations: MongoDB reported adjusted EPS of $1.32 versus the $1.19 consensus and revenue of $687.62 million, up 25.2% year over year and above estimates of $664.53 million.
• Insiders have been selling shares: Executives and directors sold $41.9 million worth of stock during the latest quarter, while institutional investors own 89.29% of MongoDB.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has been given an average rating of "Moderate Buy" by the thirty-five research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, twenty-seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $414.2258.

MDB has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of MongoDB from $335.00 to $380.00 and gave the stock an "overweight" rating in a research report on Friday, May 29th. Cantor Fitzgerald increased their price objective on MongoDB from $378.00 to $416.00 and gave the company an "overweight" rating in a research report on Tuesday, May 26th. Monness Crespi & Hardt boosted their target price on MongoDB from $370.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Scotiabank reaffirmed an "outperform" rating on shares of MongoDB in a research note on Friday, May 29th. Finally, Barclays lifted their price target on shares of MongoDB from $370.00 to $387.00 and gave the stock an "overweight" rating in a research report on Friday, May 29th.

MongoDB Stock Performance

Shares of MDB stock opened at $438.70 on Tuesday. The stock's fifty day moving average is $350.20 and its 200-day moving average is $317.12. The stock has a market capitalization of $35.28 billion, a PE ratio of -1,185.68, a PEG ratio of 3,270.10 and a beta of 1.55. MongoDB has a 52 week low of $206.92 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million during the quarter, compared to analysts' expectations of $664.53 million. During the same period in the previous year, the business posted $1.00 earnings per share. The firm's revenue for the quarter was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, analysts forecast that MongoDB will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, CFO Michael J. Berry sold 5,000 shares of the 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 transaction, the chief financial officer owned 1,500 shares of the company's stock, valued at $534,945. This represents a 76.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the firm's stock in a transaction on 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 completion of the transaction, the director owned 150,550 shares in the company, valued at $59,929,438.50. This represents a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 109,746 shares of company stock valued at $41,893,638. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of large investors have recently made changes to their positions in the company. ValueAct Holdings L.P. increased its position in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company's stock worth $657,447,000 after purchasing an additional 1,427,700 shares during the last quarter. Norges Bank acquired a new stake in shares of MongoDB during the 4th quarter worth about $574,821,000. AQR Capital Management LLC boosted its holdings in shares of MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock worth $233,435,000 after acquiring an additional 1,069,969 shares during the period. Amundi increased its position in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company's stock worth $477,550,000 after buying an additional 563,995 shares during the period. Finally, Capital World Investors raised its stake in MongoDB by 129.1% in the 4th quarter. Capital World Investors now owns 980,182 shares of the company's stock worth $411,373,000 after purchasing an additional 552,434 shares in the last quarter. 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.

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