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

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

A number of other research analysts have also weighed in on the company. Weiss Ratings upgraded MongoDB from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Mizuho set a $460.00 price target on MongoDB in a report on Tuesday, September 29th. Robert W. Baird increased their price target on MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Citizens Jmp reissued a “market outperform” rating and issued a $519.00 price target on shares of MongoDB in a research report on Wednesday, September 30th. Finally, Rosenblatt Securities raised their price objective on MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.91.

MongoDB Trading Down 2.2%

Shares of MDB traded down $8.22 on Tuesday, reaching $373.07. The company’s stock had a trading volume of 3,029,698 shares, compared to its average volume of 2,028,661. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10. The stock has a market capitalization of $30.05 billion, a PE ratio of 525.45, a PEG ratio of 41.46 and a beta of 1.74. The firm has a fifty day moving average of $396.26 and a 200-day moving average of $338.03.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. 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 analysts anticipate that MongoDB will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This trade represents a 3.41% decrease in their position. The sale 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 Charles M. Hazard, Jr. sold 595 shares of MongoDB stock in a transaction 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 sale, the director owned 45,237 shares in the company, valued at $16,459,482.45. The trade was a 1.30% 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. Over the last quarter, insiders have sold 31,595 shares of company stock valued at $13,065,211. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently added to or reduced their stakes in MDB. Smallwood Wealth Investment Management LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at $34,000. NBH Bank purchased a new stake in MongoDB during the 2nd quarter worth about $34,000. CX Institutional boosted its stake in MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in MongoDB in the 1st quarter worth about $34,000. Finally, Reflection Asset Management purchased a new stake in shares of MongoDB in the fourth quarter worth about $66,000. Institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America Securities reaffirmed its Buy rating and $540 price target after meeting with MongoDB management. The firm cited MongoDB’s document-oriented database as a differentiated platform for companies modernizing legacy systems and building AI applications, supporting confidence in the company’s long-term AI strategy. 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 outlook. The analyst support helped reinforce expectations that AI adoption and enterprise modernization can drive future demand. Why MongoDB stock is trading up today
• Positive Sentiment: Needham also reaffirmed its Buy rating and set a $430 price target, implying additional upside from the referenced share price. The continued agreement among analysts provides a favorable near-term sentiment catalyst. Needham reiterates buy rating on MongoDB
• Neutral Sentiment: Concerns about OpenAI’s lower-than-expected reported revenue run rate have raised questions about AI-company valuations, Oracle’s large AI-compute contract and the pace of future infrastructure demand. These concerns could create volatility across AI-related stocks, although they may also present an opportunity if MongoDB continues benefiting from enterprise AI adoption. OpenAI’s revenue scare could be a big opportunity for investors
• Negative Sentiment: A law firm issued a solicitation asking MongoDB shareholders to discuss potential claims involving company insiders. The notice does not establish wrongdoing, but such shareholder litigation inquiries can add reputational and legal uncertainty. Shareholder inquiry regarding MongoDB insiders

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.