MongoDB (NASDAQ:MDB) Given “Buy” Rating at Needham & Company LLC

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a report released on Tuesday, Benzinga reports. They currently have a $430.00 price objective on the stock. Needham & Company LLC’s price target indicates a potential upside of 15.26% from the company’s current price.

Other analysts have also recently issued reports about the company. KGI Securities initiated coverage on MongoDB in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price on the stock. BMO Capital Markets cut their target price on MongoDB from $450.00 to $420.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Monness Crespi & Hardt raised their target price on MongoDB from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $540.00 target price on shares of MongoDB in a research note on Friday, October 2nd. Finally, Sanford C. Bernstein raised their target price on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $462.91.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $8.22 during trading hours on Tuesday, hitting $373.07. The company’s stock had a trading volume of 3,029,142 shares, compared to its average volume of 2,028,655. The stock has a market cap of $30.05 billion, a price-to-earnings ratio of 525.45, a P/E/G ratio of 41.46 and a beta of 1.74. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The business has a 50-day simple moving average of $396.26 and a 200-day simple moving average of $338.03.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. MongoDB’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period last year, the firm 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, equities research analysts forecast that MongoDB will post 0.47 EPS for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred 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 of the company’s stock, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 MongoDB stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $451.75, for a total value of $2,710,500.00. Following the sale, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. 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 three months, insiders have sold 17,595 shares of company stock valued at $8,008,811. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

Large investors have recently bought and sold shares of the company. Fred Alger Management LLC boosted its position in MongoDB by 7.3% during the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after acquiring an additional 38,225 shares in the last quarter. Employees Provident Fund Board bought a new stake in MongoDB during the 4th quarter valued at approximately $203,365,000. Polar Capital Holdings Plc boosted its position in MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after acquiring an additional 379,289 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in MongoDB by 14.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 428,495 shares of the company’s stock valued at $179,835,000 after acquiring an additional 52,776 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock valued at $135,922,000 after acquiring an additional 1,852 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and $540 price target after meeting with MongoDB management. The firm highlighted the company’s differentiated document database, long-term AI growth potential, and role in helping enterprises modernize their technology infrastructure. MongoDB gains as BofA highlights long-term AI strategy potential
• Positive Sentiment: Scotiabank added MongoDB to its top-picks list, while Bank of America praised the company’s investor-day presentation. The endorsements suggest analysts see potential for MongoDB to benefit from AI application development and enterprise spending. Why MongoDB Stock Is Trading Up Today
• Positive Sentiment: Needham maintained its Buy rating and set a $430 price target, implying further potential appreciation from recent trading levels. The additional analyst support reinforces the favorable view of MongoDB’s growth prospects. Needham reaffirms Buy rating on MongoDB
• Neutral Sentiment: An article examining OpenAI’s lower-than-expected reported revenue run rate raises questions about AI infrastructure demand and the valuation of AI-related businesses. While this could create concern for MongoDB’s AI-growth narrative, it may also present longer-term opportunities if enterprises continue adopting AI applications. OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
• Negative Sentiment: A law firm is soliciting MongoDB shareholders regarding possible fiduciary-duty violations by company insiders. The notice does not establish wrongdoing, but such announcements can create short-term legal and reputational headline risk. Did MongoDB, Inc. Insiders Breach Their Fiduciary Duties to Shareholders?

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.