MongoDB (NASDAQ:MDB) Given Buy Rating at DA Davidson

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating restated by DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $465.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 37.90% from the stock’s previous close.

MDB has been the subject of several other research reports. Needham & Company LLC restated a “buy” rating and issued a $430.00 price target on shares of MongoDB in a research note on Wednesday, September 2nd. Scotiabank restated an “outperform” rating on shares of MongoDB in a research report on Wednesday, September 2nd. KGI Securities initiated coverage on MongoDB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target on the stock. Morgan Stanley lifted their price objective on shares of MongoDB from $380.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada cut their price target on MongoDB from $515.00 to $465.00 and set an “outperform” rating for the company in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Stock Up 0.7%

Shares of MDB traded up $2.51 during trading on Tuesday, reaching $337.19. 9,319,028 shares of the company traded hands, compared to its average volume of 2,001,365. The stock has a 50-day simple moving average of $387.97 and a 200-day simple moving average of $331.74. The stock has a market cap of $27.16 billion, a PE ratio of 474.92, a price-to-earnings-growth ratio of 44.09 and a beta of 1.58. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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 analysts’ expectations of $735.01 million. During the same quarter last year, the company posted $1.00 EPS. The firm’s quarterly 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. On average, equities research analysts predict that MongoDB will post 0.47 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Friday, August 14th. The shares were 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 approximately $453,156,052.27. The trade was a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the sale, the director 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 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 18,000 shares of company stock valued at $8,142,320. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fiera Capital Corp grew its stake in MongoDB by 33.6% during the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock valued at $76,818,000 after purchasing an additional 46,051 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after buying an additional 6,819 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in MongoDB by 19.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock worth $43,022,000 after buying an additional 21,273 shares in the last quarter. Entropy Technologies LP bought a new stake in MongoDB during the 4th quarter valued at $6,050,000. Finally, Daventry Group LP grew its position in MongoDB by 21.3% in the 1st quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after buying an additional 14,412 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reaffirmed its fiscal 2027 third-quarter and full-year guidance, suggesting the CEO transition has not yet affected customer demand, sales pipelines or operating plans. Former CEO Dev Ittycheria was appointed interim CEO, providing leadership continuity. MongoDB Stock Drops 17% After CEO Exit
• Positive Sentiment: At Investor Day, MongoDB launched MongoDB 9.0, Atlas Infinite and Atlas Agent Engine. The company says MongoDB 9.0 can deliver up to twice the throughput, 35% faster reads and 30% faster updates, while Atlas Infinite is designed to handle unpredictable AI-driven demand at scale. MongoDB Launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: Atlas Agent Engine is intended to help enterprises deploy AI agents with integrated retrieval, memory and governance. MongoDB also partnered with Cognition, the developer of Devin, to accelerate legacy infrastructure modernization onto MongoDB Atlas. These initiatives strengthen the company’s positioning in AI application development. MongoDB Launches Atlas Agent Engine
• Positive Sentiment: DA Davidson reaffirmed its “buy” rating and set a $465 price target, indicating substantial potential upside if MongoDB executes through the transition.
• Neutral Sentiment: The stock had fallen roughly 24% over the past month, significantly underperforming the broader market. Some analysts view the decline as an opportunity because recent earnings remained strong: revenue rose 30.5% year over year to about $772 million and adjusted EPS exceeded expectations.
• Negative Sentiment: Desai’s immediate exit, less than a year into his tenure and just before Investor Day, raised concerns about strategic stability. His move to Meta could also intensify competition because he will help build an enterprise AI platform targeting overlapping customers and developers. MongoDB CEO Desai Steps Down to Lead Meta’s Enterprise Platform
• Negative Sentiment: MongoDB remains valued for strong execution, with a very high earnings multiple and thin net margins. A prolonged CEO search, slower Atlas consumption or broader rotation away from cloud software could lead to additional valuation pressure.

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.