MongoDB (NASDAQ:MDB - Get Free Report ) 's stock had its "buy" rating reaffirmed by equities researchers at DA Davidson in a report released on Friday,Benzinga reports. They presently have a $375.00 target price on the stock. DA Davidson's target price suggests a potential upside of 14.27% from the stock's current price.
MDB has been the topic of a number of other reports. Rosenblatt Securities reiterated a "buy" rating and issued a $385.00 target price on shares of MongoDB in a research note on Tuesday. Weiss Ratings cut shares of MongoDB from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, April 29th. Canaccord Genuity Group boosted their target price on shares of MongoDB from $375.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday. Stifel Nicolaus set a $435.00 price target on shares of MongoDB in a research report on Friday. Finally, Truist Financial lowered their price target on shares of MongoDB from $500.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, March 3rd. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, MongoDB has an average rating of "Moderate Buy" and an average target price of $388.10.
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MongoDB Stock Up 0.8% MongoDB stock traded up $2.50 during midday trading on Friday, hitting $328.18. 7,403,868 shares of the stock were exchanged, compared to its average volume of 1,971,243. MongoDB has a 52-week low of $182.43 and a 52-week high of $444.72. The stock has a market capitalization of $26.38 billion, a price-to-earnings ratio of -371.70 and a beta of 1.48. The business's 50-day moving average price is $272.10 and its 200-day moving average price is $333.73.
MongoDB (NASDAQ:MDB - Get Free Report ) last released its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $687.62 million for the quarter, compared to analysts' expectations of $664.53 million. During the same period in the previous year, the company earned $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. On average, sell-side analysts predict that MongoDB will post -0.46 earnings per share for the current fiscal year.
Insider Buying and Selling In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the transaction, the director owned 993,316 shares of the company's stock, valued at $295,998,234.84. The trade was a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares of the company's stock, valued at approximately $6,007,107.69. This represents a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure . In the last three months, insiders sold 31,566 shares of company stock valued at $8,744,791. Corporate insiders own 2.60% of the company's stock.
Hedge Funds Weigh In On MongoDB Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company's stock valued at $2,788,981,000 after purchasing an additional 431,382 shares during the last quarter. ValueAct Holdings L.P. grew its holdings 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 valued at $657,447,000 after purchasing an additional 1,427,700 shares during the last quarter. State Street Corp grew its holdings in shares of MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company's stock valued at $754,119,000 after purchasing an additional 40,219 shares during the last quarter. Amundi grew its holdings in shares of MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company's stock valued at $477,550,000 after purchasing an additional 563,995 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company's stock valued at $604,429,000 after purchasing an additional 9,693 shares during the last quarter. Institutional investors own 89.29% of the company's stock.
More MongoDB News Here are the key news stories impacting MongoDB this week:
Positive Sentiment: MongoDB beat Q1 expectations, reporting adjusted earnings of $1.32 per share and revenue of $687.6 million, both ahead of estimates, with revenue up 25% year over year. The company also highlighted strong Atlas cloud growth, customer expansion, and improved margins. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results Positive Sentiment: Management raised fiscal 2027 guidance, with next-quarter and full-year outlooks coming in well above Wall Street expectations, signaling confidence in continued demand across enterprise and AI use cases. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results Positive Sentiment: Analysts turned more constructive after the report, with multiple firms raising price targets, including Citigroup, Scotiabank, Barclays, BofA, Wedbush, Oppenheimer, Mizuho, BMO, Guggenheim, and others, reinforcing the view that the earnings print was stronger than expected.Neutral Sentiment: Commentary from some market watchers noted the stock gave back part of its initial after-hours surge, suggesting traders are weighing the strong fundamentals against the valuation and the company’s still-negative GAAP profitability. About MongoDB (
Get Free Report )
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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