Rosenblatt Securities Reiterates Buy Rating for MongoDB (NASDAQ:MDB)

Key Points

• Rosenblatt Securities has reiterated a "buy" rating for MongoDB (MDB) with a target price of $290.00, indicating a potential upside of 36.82% from its current price.
• MongoDB has received a range of ratings from analysts, with one Strong Buy, 27 Buy, and 10 Hold ratings, resulting in a consensus rating of "Moderate Buy" with an average price target of $283.46.
• The company reported quarterly earnings surpassing estimates, with earnings per share of $1.00 and a revenue of $549.01 million, marking a 21.8% increase year-over-year.

MongoDB (NASDAQ:MDB - Get Free Report)'s stock had its "buy" rating reissued by analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They presently have a $290.00 price objective on the stock. Rosenblatt Securities' price target suggests a potential upside of 32.38% from the stock's previous close.

Several other research firms also recently commented on MDB. Monness Crespi & Hardt raised MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price objective for the company in a research note on Thursday, June 5th. UBS Group raised their price target on shares of MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Wolfe Research initiated coverage on shares of MongoDB in a report on Wednesday, July 9th. They issued an "outperform" rating and a $280.00 target price for the company. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Finally, Cantor Fitzgerald boosted their target price on MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus target price of $283.46.

MongoDB Stock Up 3.3%

Shares of MongoDB stock traded up $7.10 on Friday, reaching $219.06. 1,803,163 shares of the stock were exchanged, compared to its average volume of 2,336,709. MongoDB has a twelve month low of $140.78 and a twelve month high of $370.00. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of -192.16 and a beta of 1.44. The business has a 50 day moving average price of $216.04 and a two-hundred day moving average price of $206.61.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The company's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Research analysts forecast that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares in the company, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 25,005 shares of MongoDB stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares of the company's stock, valued at approximately $60,131,916. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of MongoDB by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock worth $1,796,321,000 after buying an additional 744,547 shares during the last quarter. State Street Corp increased its holdings 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 buying an additional 80,334 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of MongoDB by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company's stock worth $292,597,000 after buying an additional 68,611 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock worth $223,011,000 after acquiring an additional 129,451 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of MongoDB by 2,567.2% in 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 in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

About MongoDB

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.