MongoDB’s (MDB) “Buy” Rating Reiterated at DA Davidson

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reaffirmed by DA Davidson in a report released on Tuesday, Benzinga reports. They presently have a $465.00 price objective on the stock. DA Davidson’s target price would suggest a potential upside of 37.90% from the company’s previous close.

A number of other brokerages have also weighed in on MDB. Cantor Fitzgerald boosted their target price on shares of MongoDB from $416.00 to $540.00 and gave the company an “overweight” rating in a research note on Monday, August 31st. Weiss Ratings upgraded shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company boosted their target price on shares of MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. William Blair reiterated an “outperform” rating on shares of MongoDB in a research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $430.00 target price on shares of MongoDB in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

MongoDB Price Performance

NASDAQ MDB traded up $2.51 during mid-day trading on Tuesday, reaching $337.19. The stock had a trading volume of 9,307,895 shares, compared to its average volume of 2,001,200. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock has a market cap of $27.16 billion, a PE ratio of 474.92, a price-to-earnings-growth ratio of 44.09 and a beta of 1.58. The company has a fifty day moving average price of $387.38 and a 200 day moving average price of $331.27.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that MongoDB will post 0.47 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the sale, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. This represents a 3.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the sale, the director owned 452,896 shares of the company’s stock, valued at $204,595,768. This trade represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,000 shares of company stock valued at $8,142,320 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of MDB. Root Financial Partners LLC increased its holdings in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of MongoDB by 3.1% in the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock valued at $377,000 after purchasing an additional 34 shares in the last quarter. Basecamp Wealth Advisors LLC increased its holdings in shares of MongoDB by 14.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $70,000 after purchasing an additional 36 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in MongoDB by 27.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock valued at $60,000 after acquiring an additional 38 shares in the last quarter. Finally, 111 Capital increased its holdings in MongoDB by 2.5% during the 4th quarter. 111 Capital now owns 1,946 shares of the company’s stock valued at $817,000 after acquiring an additional 47 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB launched Atlas Agent Engine, a platform that combines execution, memory, retrieval, and governance for production AI agents. The offering could strengthen Atlas’s position as companies move AI applications from testing into production. MongoDB Launches Atlas Agent Engine
• Positive Sentiment: MongoDB 9.0 is generally available, with reported improvements of up to 2x higher throughput, 35% faster reads, and 30% faster updates. The company also introduced Atlas Infinite, designed to handle extreme demand spikes and reduce scaling time, supporting its AI-scale growth strategy. MongoDB Launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: MongoDB partnered with Cognition, maker of Devin, to help enterprises modernize legacy infrastructure for MongoDB Atlas. The partnership may accelerate customer migrations and increase demand for MongoDB’s cloud services. Cognition and MongoDB Partnership
• Positive Sentiment: DA Davidson reaffirmed its Buy rating and assigned a $465 price target, indicating analysts view the selloff as excessive if MongoDB maintains execution. DA Davidson Reaffirms MongoDB Buy Rating
• Neutral Sentiment: The board appointed former CEO Dev Ittycheria as interim CEO and reaffirmed fiscal 2027 third-quarter and full-year guidance. This provides continuity, but investors will seek evidence at Investor Day that Atlas growth and customer demand remain intact. MongoDB CEO Transition and Reaffirmed Guidance
• Negative Sentiment: Desai’s immediate move to Meta created concerns about strategic continuity and potential competition, since Meta’s new enterprise platform could target MongoDB’s developer and corporate customer base. The abrupt timing, immediately before Investor Day, intensified uncertainty. MongoDB CEO Desai Joins Meta
• Negative Sentiment: MongoDB remains richly valued relative to its thin profitability, leaving the stock vulnerable to multiple compression if the CEO search is prolonged or growth slows.

MongoDB Company Profile

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.