MongoDB (NASDAQ:MDB) Given "Market Outperform" Rating at Citizens Jmp

Key Points

• Citizens JMP reiterated its “market outperform” rating on MongoDB and set a $366 price target, implying about 18% upside from the prior close.
• MongoDB shares were down 4.8% in Friday trading to $310.03, even as the company’s recent earnings report beat expectations with Q1 revenue of $687.6 million and EPS of $1.32.
• The company also raised guidance for FY2027 and Q2, while analysts remain broadly positive overall with a Moderate Buy consensus and an average target price of $385.93.

MongoDB (NASDAQ:MDB - Get Free Report)'s stock had its "market outperform" rating reiterated by investment analysts at Citizens Jmp in a research note issued on Friday,Benzinga reports. They currently have a $366.00 price target on the stock. Citizens Jmp's price target would indicate a potential upside of 18.05% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Sanford C. Bernstein lowered shares of MongoDB from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 3rd. BMO Capital Markets boosted their target price on shares of MongoDB from $360.00 to $375.00 and gave the company an "outperform" rating in a report on Friday. Weiss Ratings downgraded shares of MongoDB from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, April 29th. The Goldman Sachs Group decreased their price target on shares of MongoDB from $475.00 to $320.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Finally, Cantor Fitzgerald lifted their price target on shares of MongoDB from $378.00 to $416.00 and gave the company an "overweight" rating in a research note on Tuesday. Twenty-seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $385.93.

MongoDB Trading Down 4.8%

MDB stock traded down $15.65 during midday trading on Friday, hitting $310.03. The stock had a trading volume of 5,333,468 shares, compared to its average volume of 1,949,068. The firm has a market cap of $24.92 billion, a P/E ratio of -351.83 and a beta of 1.48. MongoDB has a 1-year low of $182.43 and a 1-year high of $444.72. The business has a fifty day moving average price of $272.10 and a two-hundred day moving average price of $333.73.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB's revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share. 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, equities analysts anticipate that MongoDB will post -0.46 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares of the company's stock, valued at $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 6,000 shares of the business's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the sale, the director directly owned 470,896 shares of the company's stock, valued at approximately $148,322,822.08. The trade was a 1.26% 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 ninety days, insiders sold 31,566 shares of company stock valued at $8,744,791. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division bought a new stake in shares of MongoDB during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC increased its position in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company's stock worth $27,000 after acquiring an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of MongoDB during the fourth quarter worth about $33,000. Root Financial Partners LLC increased its position in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company's stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of MongoDB during the fourth quarter worth about $38,000. 89.29% of the stock is owned by institutional investors.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported Q1 revenue of $687.6 million, up about 25% year over year and above Wall Street expectations, while non-GAAP EPS of $1.32 also topped estimates. MongoDB NASDAQ: MDB Reports Upbeat Q1 CY2026, Stock Jumps 22.1%
• Positive Sentiment: The company raised its full-year FY2027 outlook and Q2 guidance well above consensus, reinforcing confidence that recent growth can continue. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas remains the main growth engine, with Atlas revenue up more than 29% year over year, which supports the bullish narrative around MongoDB’s cloud and AI exposure. MongoDB tops Q1 estimates, raises full-year outlook on Atlas strength
• Positive Sentiment: Analysts turned more constructive after the results, including Barclays, Guggenheim, Bank of America, Wedbush, Oppenheimer, Mizuho, BMO, and others raising price targets, signaling higher expectations for the stock. Benzinga analyst target update
• Neutral Sentiment: Some commentary notes that traders are still debating whether the company’s comments imply Atlas growth could become more predictable, but that appears secondary to the strong earnings and guidance beat. Why MDB Stock Is Up Overnight After Wild Ride Today

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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