MongoDB’s (MDB) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of MongoDB (NASDAQ:MDB) in a research note issued to investors on Wednesday, Marketbeat reports. Royal Bank Of Canada currently has a $465.00 price objective on the stock.

Several other equities analysts have also recently weighed in on MDB. Citigroup reissued a “market outperform” rating on shares of MongoDB in a research report on Monday. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $519.00 price target on shares of MongoDB in a research report on Wednesday, September 2nd. Monness Crespi & Hardt lifted their price target on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Finally, KGI Securities started coverage on MongoDB in a report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $462.59.

MongoDB Price Performance

Shares of MDB opened at $357.96 on Wednesday. The company has a market capitalization of $28.84 billion, a PE ratio of 504.17, a price-to-earnings-growth ratio of 37.79 and a beta of 1.74. MongoDB has a one year low of $215.68 and a one year high of $473.10. The company’s fifty day moving average price is $391.09 and its 200 day moving average price is $333.18.

MongoDB (NASDAQ:MDB) last released its 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. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter in the previous year, the business earned $1.00 EPS. The business’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. Analysts anticipate that MongoDB will post 0.47 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, Director Hope Cochran sold 1,000 shares of the 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 transaction, the director owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the completion of the transaction, the director directly owned 452,896 shares of the company’s stock, valued at $204,595,768. This trade represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 17,000 shares of company stock worth $7,792,320. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently modified their holdings of MDB. Arrowstreet Capital Limited Partnership grew its position in 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 acquiring an additional 239,338 shares during the period. Capital World Investors lifted its holdings in shares of MongoDB by 129.1% during the fourth quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after acquiring an additional 552,434 shares during the period. Fred Alger Management LLC boosted its stake in shares of MongoDB by 7.3% in the 4th 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 in the last quarter. Bank of America Corp DE grew its holdings in shares of MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of MongoDB by 55.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after purchasing an additional 195,250 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial upside from the referenced share price. Cantor Fitzgerald rating report
• Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
• Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
• Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
• Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance analysis

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.