DA Davidson Reaffirms “Buy” Rating for MongoDB (NASDAQ:MDB)

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reissued by DA Davidson in a research note issued on Tuesday, Benzinga reports. They presently have a $465.00 target price on the stock. DA Davidson’s price objective would indicate a potential upside of 38.62% from the company’s previous close.

MDB has been the subject of a number of other reports. Evercore restated an “outperform” rating on shares of MongoDB in a report on Thursday, September 24th. Wells Fargo & Company upped their price objective on MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. BMO Capital Markets decreased their price objective on MongoDB from $500.00 to $450.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd. Citigroup restated a “market outperform” rating on shares of MongoDB in a research note on Monday. Finally, Sanford C. Bernstein lifted their target price on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Stock Up 0.2%

MDB traded up $0.77 on Tuesday, hitting $335.45. The company had a trading volume of 7,845,165 shares, compared to its average volume of 1,991,838. The company has a market cap of $27.02 billion, a PE ratio of 470.94, a PEG ratio of 44.09 and a beta of 1.58. The business’s fifty day simple moving average is $387.38 and its 200 day simple moving average is $331.27. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same period last year, the company earned $1.00 earnings per share. MongoDB’s revenue was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, analysts anticipate that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $470.59, for a total value of $4,705,900.00. Following the transaction, the director owned 962,953 shares in the company, valued at $453,156,052.27. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the sale, the director directly owned 28,326 shares in the company, valued at approximately $10,648,309.92. This trade represents a 3.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,000 shares of company stock valued at $8,142,320 in the last three months. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently bought and sold shares of MDB. Capital World Investors grew its stake in shares of MongoDB by 129.1% during the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock worth $411,373,000 after purchasing an additional 552,434 shares during the period. Employees Provident Fund Board purchased a new position in MongoDB during the fourth quarter worth $203,365,000. Polar Capital Holdings Plc raised its stake in MongoDB by 730.6% in the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after purchasing an additional 379,289 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of MongoDB by 21.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after buying an additional 239,338 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of MongoDB by 125.3% during the first quarter. Sei Investments Co. now owns 367,663 shares of the company’s stock worth $89,979,000 after purchasing an additional 204,446 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: New AI and database products strengthen MongoDB’s growth narrative. MongoDB launched MongoDB 9.0, which offers up to twice the throughput, 35% faster reads, and 30% faster updates. It also introduced Atlas Infinite, designed to handle unpredictable AI-driven demand, and Atlas Agent Engine, which combines execution, memory, retrieval, and governance for enterprise AI agents. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: Cognition partnership could accelerate customer adoption. MongoDB and Cognition launched Devin for MongoDB Modernizations, intended to help enterprises migrate from legacy infrastructure more quickly and expand usage of MongoDB Atlas. Cognition and MongoDB partnership
• Positive Sentiment: DA Davidson reaffirmed its Buy rating and set a $465 price target. The target implies substantial upside from recent trading levels, indicating the firm views the sell-off as excessive relative to MongoDB’s long-term prospects.
• Neutral Sentiment: Recent operating results remain strong. MongoDB’s latest quarter exceeded expectations, with revenue of approximately $772 million, up 30.5% year over year, and adjusted earnings of $1.90 per share versus the $1.62 consensus estimate. Management also maintained its fiscal 2027 outlook.
• Negative Sentiment: The CEO exit has increased uncertainty. Desai’s immediate move to Meta creates questions about MongoDB’s strategic direction and could give Meta insight into the database company’s products, customers, and go-to-market strategy. Investors will closely watch the permanent CEO search and execution under interim leadership. MongoDB CEO Desai steps down
• Negative Sentiment: Valuation leaves limited room for disappointment. Despite the recent decline, MongoDB trades at elevated earnings and sales multiples, while its thin net margin makes the stock particularly sensitive to slower growth, leadership disruption, or broader weakness in cloud software.

About MongoDB

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.