MongoDB (NASDAQ:MDB) Price Target Raised to $400.00 at Mizuho

MongoDB (NASDAQ:MDB) had its price target boosted by equities researchers at Mizuho from $325.00 to $400.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 22.82% from the stock’s previous close.

A number of other research analysts have also recently issued reports on MDB. Morgan Stanley lifted their price objective on shares of MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday. Zacks Research upgraded shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Needham & Company LLC boosted their price target on shares of MongoDB from $300.00 to $400.00 and gave the stock an “underperform” rating in a report on Friday. Cantor Fitzgerald boosted their price target on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Citigroup restated a “market outperform” rating on shares of MongoDB in a report on Friday. Twenty-six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $380.67.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $325.68 on Friday. The stock has a market capitalization of $26.17 billion, a P/E ratio of -370.09 and a beta of 1.48. The company has a 50-day moving average price of $272.10 and a 200-day moving average price of $333.73. MongoDB has a 1 year low of $182.43 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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. The firm had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period last year, the company 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. As a group, equities research analysts anticipate that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction dated 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 sale, the director directly owned 24,093 shares in the company, valued at approximately $6,007,107.69. This represents a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 31,566 shares of company stock worth $8,744,791. Insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds have recently added to or reduced their stakes in the stock. Clark Financial Services Group Inc. BD boosted its stake in shares of MongoDB by 1.5% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after purchasing an additional 25 shares during the period. Root Financial Partners LLC boosted its stake in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the period. True Wealth Design LLC raised its holdings in shares of MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after acquiring an additional 36 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after acquiring an additional 36 shares in the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after acquiring an additional 36 shares in 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 estimates, reporting $1.32 in adjusted EPS versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, with sales up about 25% year over year. Article Title
• Positive Sentiment: The company raised Q2 and full-year fiscal 2027 guidance well above Wall Street expectations, signaling stronger-than-expected demand and improving visibility. Article Title
• Positive Sentiment: Atlas revenue grew more than 29% year over year, reinforcing that MongoDB’s cloud database business remains the key growth driver, while management highlighted strong enterprise and AI demand. Article Title
• Positive Sentiment: Analysts also turned more constructive, with Cantor Fitzgerald and Canaccord Genuity both raising price targets after the report, reflecting improved sentiment around MongoDB’s growth outlook. Article Title
• Neutral Sentiment: Some commentary from traders suggested the stock also reacted to remarks that Atlas growth may become more predictable going forward, which was interpreted by a few investors as slightly softer than the most optimistic expectations. Article Title

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.