MongoDB (NASDAQ:MDB) Stock Keeps “Buy” Rating at DA Davidson

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They presently have a $465.00 target price on the stock. DA Davidson’s price objective suggests a potential upside of 41.21% from the stock’s previous close.

Several other brokerages also recently issued reports on MDB. Guggenheim reiterated a “buy” rating on shares of MongoDB in a research report on Tuesday. UBS Group reduced their price target on shares of MongoDB from $460.00 to $410.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. Weiss Ratings raised shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Scotiabank restated an “outperform” rating on shares of MongoDB in a research report on Wednesday, September 2nd. Finally, Oppenheimer boosted their target price on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

MongoDB Price Performance

Shares of NASDAQ MDB traded down $5.38 during trading hours on Tuesday, hitting $329.30. 4,237,936 shares of the company’s stock were exchanged, compared to its average volume of 1,973,224. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10. The company’s 50-day moving average price is $387.38 and its 200-day moving average price is $331.27. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of 462.87, a PEG ratio of 44.09 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 earnings per share. 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, research analysts expect that MongoDB will post 0.47 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight Merriman sold 6,000 shares of MongoDB stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 dated Thursday, September 17th. The shares were 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 18,000 shares of company stock valued at $8,142,320. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of MongoDB by 21.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after purchasing an additional 239,338 shares during the last quarter. Capital World Investors raised its holdings in shares of MongoDB by 129.1% in the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after purchasing an additional 552,434 shares during the last quarter. Fred Alger Management LLC raised its holdings in shares of MongoDB by 7.3% in the fourth quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after purchasing an additional 38,225 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of MongoDB by 0.3% in the first quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of MongoDB by 55.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock valued at $134,616,000 after purchasing an additional 195,250 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB launched MongoDB 9.0, which it says delivers up to 2x higher throughput, 35% faster reads and 30% faster updates. It also introduced Atlas Infinite, a public-preview deployment option designed to scale rapidly during unpredictable AI-driven demand spikes. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: The new Atlas Agent Engine combines execution, retrieval, persistent memory and governance for enterprise AI agents. The offering could help MongoDB capture more AI application workloads without requiring customers to assemble a separate technology stack. MongoDB launches Atlas Agent Engine
• Positive Sentiment: A partnership with Cognition, the developer of Devin, will offer tools to modernize legacy infrastructure and move customers toward MongoDB Atlas more quickly. This may support adoption and reduce barriers to enterprise migrations. Cognition and MongoDB partnership
• Neutral Sentiment: The board appointed former CEO Dev Ittycheria as interim CEO and reaffirmed fiscal 2027 guidance, suggesting management does not currently see a deterioration in demand. Analysts cited by 247WallSt believe the sell-off may be excessive and see substantial recovery potential, though execution remains important. Wall Street outlook for MongoDB
• Negative Sentiment: Desai’s immediate resignation, less than a year into his tenure and just before Investor Day, raised concerns about strategic continuity. His move to Meta also creates a potentially stronger competitor with knowledge of MongoDB’s products, customers and enterprise strategy. MongoDB CEO joins Meta
• Negative Sentiment: MongoDB’s elevated valuation and thin net margin leave limited room for execution setbacks. Investors will focus on the permanent CEO search, Atlas consumption growth and whether the leadership transition disrupts enterprise sales.

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.