Needham & Company LLC Reaffirms Buy Rating for MongoDB (NASDAQ:MDB)

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $430.00 price objective on the stock. Needham & Company LLC’s price target would indicate a potential upside of 20.69% from the company’s previous close.

MDB has been the subject of several other research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of MongoDB in a research note on Wednesday, September 30th. Mizuho set a $460.00 target price on MongoDB in a research note on Tuesday, September 29th. BMO Capital Markets dropped their target price on shares of MongoDB from $450.00 to $420.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Citigroup reaffirmed a “market outperform” rating on shares of MongoDB in a research note on Monday, September 28th. Finally, Stifel Nicolaus cut their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.91.

MongoDB Price Performance

Shares of MDB stock traded down $16.78 on Tuesday, reaching $356.29. 1,355,443 shares of the stock were exchanged, compared to its average volume of 2,025,267. MongoDB has a one year low of $215.68 and a one year high of $473.10. The stock has a market cap of $28.70 billion, a PE ratio of 501.82, a P/E/G ratio of 40.96 and a beta of 1.74. The stock has a 50 day moving average price of $396.12 and a 200 day moving average price of $338.92.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The business 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%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the business 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 fiscal year.

Insider Activity

In related news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $359.97, for a total transaction of $3,599,700.00. Following the completion of the transaction, the director owned 952,953 shares in the company, valued at approximately $343,034,491.41. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $363.85, for a total value of $216,490.75. Following the transaction, the director directly owned 45,237 shares in the company, valued at approximately $16,459,482.45. This trade represents a 1.30% 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 sold a total of 31,595 shares of company stock valued at $13,065,211 in the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. increased its holdings in shares of MongoDB by 19.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 800 shares of the company’s stock worth $279,000 after acquiring an additional 133 shares during the last quarter. Krilogy Financial LLC lifted its holdings in MongoDB by 11.4% during the 3rd quarter. Krilogy Financial LLC now owns 3,594 shares of the company’s stock valued at $1,370,000 after purchasing an additional 369 shares during the last quarter. Sax Wealth Advisors LLC acquired a new stake in MongoDB during the 3rd quarter valued at $812,000. NorthCrest Asset Manangement LLC lifted its holdings in MongoDB by 43.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,902 shares of the company’s stock valued at $1,078,000 after purchasing an additional 874 shares during the last quarter. Finally, Perpetual Ltd boosted its position in MongoDB by 52.1% during the third quarter. Perpetual Ltd now owns 4,189 shares of the company’s stock worth $1,460,000 after purchasing an additional 1,435 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and a $540 price target, citing MongoDB’s potential to benefit from enterprise modernization, AI application development and the differentiated capabilities of its document database platform. MongoDB gains as BofA highlights long-term AI strategy potential
• Positive Sentiment: Needham reaffirmed its Buy rating with a $430 price target, while Scotiabank added MDB to its top-picks list. The analyst support reflects confidence in MongoDB’s investor-day messaging, long-term AI opportunity and Atlas growth. MongoDB pops as Needham and BofA stay bullish
• Positive Sentiment: A separate analysis argues that the stock’s roughly 11% year-to-date decline may be a buying opportunity, pointing to strong Atlas momentum, expanding AI capabilities and rising earnings estimates. MongoDB Falls 11% YTD: Here’s Why You Should Buy the Stock Now
• Neutral Sentiment: Broader concerns about AI-company revenue expectations and valuations could affect sentiment toward technology stocks, but the issues do not directly alter MongoDB’s operating fundamentals. OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
• Negative Sentiment: Investor concern is centered on reports that MongoDB’s CEO was recruited by another technology company. The potential leadership change creates uncertainty around strategy execution at a time when the market is placing a high valuation on MongoDB’s AI and cloud growth prospects. Why Is MongoDB Stock Crashing and Is It a Buying Opportunity?
• Negative Sentiment: Director Dwight Merriman sold approximately $5.06 million of MDB shares across October 8–9. The sales were made under a pre-arranged Rule 10b5-1 plan and reduced his holdings only modestly, limiting their bearish significance but still adding to near-term caution. MongoDB insider transaction filing

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.