MongoDB's (MDB) "Market Outperform" Rating Reaffirmed at JMP Securities

Key Points

• JMP Securities has reiterated MongoDB's "market outperform" rating with a target price of $345.00, indicating a potential upside of 22.40% from the previous close.
• MongoDB reported a 21.8% increase in quarterly revenue, with earnings per share of $1.00, surpassing analyst expectations.
• Insider trading activity showed a decrease in ownership by directors, with sales totaling around $11.9 million over the past three months.

MongoDB (NASDAQ:MDB - Get Free Report)'s stock had its "market outperform" rating reiterated by investment analysts at JMP Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $345.00 target price on the stock. JMP Securities' price target suggests a potential upside of 22.40% from the company's previous close.

Several other brokerages have also recently weighed in on MDB. Royal Bank Of Canada lifted their price objective on MongoDB from $320.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday. Rosenblatt Securities reissued a "buy" rating and set a $290.00 price target on shares of MongoDB in a report on Friday, August 22nd. Piper Sandler upped their target price on MongoDB from $275.00 to $345.00 and gave the stock an "overweight" rating in a report on Wednesday. Barclays reaffirmed an "overweight" rating on shares of MongoDB in a report on Wednesday. Finally, Macquarie reiterated a "neutral" rating and issued a $230.00 price target (up previously from $215.00) on shares of MongoDB in a research report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $299.77.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $281.87 on Wednesday. The stock has a market capitalization of $23.03 billion, a PE ratio of -246.70 and a beta of 1.44. The business has a fifty day moving average price of $216.53 and a two-hundred day moving average price of $206.25. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. The firm 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 quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, equities analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director directly owned 1,104,316 shares of the company's stock, valued at $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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

A number of large investors have recently made changes to their positions in MDB. Northern Trust Corp boosted its holdings in shares of MongoDB by 6.4% in the fourth quarter. Northern Trust Corp now owns 468,010 shares of the company's stock worth $108,957,000 after acquiring an additional 27,981 shares during the period. Lido Advisors LLC boosted its holdings in shares of MongoDB by 74.8% in the fourth quarter. Lido Advisors LLC now owns 1,208 shares of the company's stock worth $281,000 after acquiring an additional 517 shares during the period. AQR Capital Management LLC boosted its holdings in shares of MongoDB by 92.1% in the fourth quarter. AQR Capital Management LLC now owns 37,126 shares of the company's stock worth $8,643,000 after acquiring an additional 17,802 shares during the period. Utah Retirement Systems boosted its holdings in shares of MongoDB by 1.7% in the fourth quarter. Utah Retirement Systems now owns 11,840 shares of the company's stock worth $2,756,000 after acquiring an additional 200 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of MongoDB by 196.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,103 shares of the company's stock worth $10,268,000 after acquiring an additional 29,203 shares during the period. 89.29% of the stock is owned by institutional investors.

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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