MongoDB, Inc. (NASDAQ:MDB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of MongoDB, Inc. (NASDAQ:MDB) have been assigned a consensus rating of “Moderate Buy” from the thirty-five analysts that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $471.8065.

Several research firms recently weighed in on MDB. Royal Bank Of Canada reduced their price target on shares of MongoDB from $515.00 to $465.00 and set an “outperform” rating for the company in a research report on Wednesday, September 2nd. Sanford C. Bernstein lifted their price objective on shares of MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Evercore started coverage on shares of MongoDB in a research note on Friday, August 21st. They issued an “outperform” rating and a $525.00 target price on the stock. Tigress Financial increased their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th.

MongoDB Trading Down 0.4%

MDB stock opened at $376.34 on Friday. The stock’s fifty day simple moving average is $376.94 and its two-hundred day simple moving average is $324.40. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10. The stock has a market cap of $30.32 billion, a P/E ratio of 530.06, a P/E/G ratio of 40.57 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 firm 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 business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company 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, analysts forecast that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight Merriman sold 10,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $470.59, for a total value of $4,705,900.00. Following the completion of the sale, the director directly owned 962,953 shares of the company’s stock, valued at $453,156,052.27. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director owned 29,326 shares in the company, valued at approximately $10,264,100. The trade was a 3.30% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 18,130 shares of company stock valued at $8,144,102. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several institutional investors have recently added to or reduced their stakes in MDB. Root Financial Partners LLC boosted its position in MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares during the period. Moody National Bank Trust Division increased its position in shares of MongoDB by 3.1% during the second quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock worth $377,000 after acquiring an additional 34 shares during the period. Basecamp Wealth Advisors LLC increased its position in shares of MongoDB by 14.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after acquiring an additional 36 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of MongoDB by 27.1% during the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock valued at $60,000 after acquiring an additional 38 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of MongoDB by 21.4% during the fourth quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $100,000 after acquiring an additional 42 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

About MongoDB

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.