MongoDB’s (MDB) “Overweight” Rating Reiterated at Cantor Fitzgerald

MongoDB (NASDAQ:MDB)‘s stock had its “overweight” rating restated by investment analysts at Cantor Fitzgerald in a research note issued on Friday, Marketbeat Ratings reports. They currently have a $540.00 price objective on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 51.40% from the stock’s previous close.

A number of other equities research analysts also recently commented on MDB. DA Davidson dropped their price objective on shares of MongoDB from $465.00 to $415.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity Group boosted their target price on shares of MongoDB from $400.00 to $480.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company raised their price target on MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Citigroup reaffirmed a “market outperform” rating on shares of MongoDB in a research report on Monday. Finally, Morgan Stanley reissued an “overweight” rating on shares of MongoDB in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $462.59.

MongoDB Stock Performance

Shares of MongoDB stock traded up $4.93 during trading hours on Friday, reaching $356.66. 1,908,674 shares of the company were exchanged, compared to its average volume of 2,026,569. The firm has a market cap of $28.73 billion, a PE ratio of 502.29, a PEG ratio of 37.45 and a beta of 1.75. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock’s fifty day moving average is $389.89 and its 200 day moving average is $333.01.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. The firm had revenue of $771.77 million during 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 revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Research analysts expect that MongoDB will post 0.47 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Dwight Merriman sold 6,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the sale, the director directly owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction 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 transaction, the director directly owned 28,326 shares in the company, valued at $10,648,309.92. The trade was a 3.41% 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 quarter, insiders sold 17,000 shares of company stock valued at $7,792,320. 2.60% of the stock is owned by company insiders.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp lifted its stake in shares of MongoDB by 33.6% in the fourth 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 during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in MongoDB by 48.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after buying an additional 6,819 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of MongoDB by 19.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after acquiring an additional 21,273 shares during the period. Entropy Technologies LP acquired a new stake in shares of MongoDB during the 4th quarter valued at approximately $6,050,000. Finally, Daventry Group LP boosted its stake in shares of MongoDB by 21.3% during the 1st quarter. Daventry Group LP now owns 82,105 shares of the company’s stock worth $20,097,000 after acquiring an additional 14,412 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial potential upside from recent trading levels. Benzinga coverage
• Positive Sentiment: MongoDB’s investor day highlighted a stronger multiyear outlook: management is targeting at least 20% annual revenue growth for fiscal 2028–2030, while Atlas is expected to grow about 25% over the next three years. Bank of America viewed the event as a net positive and maintained its Buy rating. BofA MongoDB investor day coverage
• Positive Sentiment: MongoDB increased its share-repurchase authorization by $1 billion, bringing total capacity to approximately $1.35 billion. The buyback signals management believes the selloff following the CEO’s departure overstated the company’s fundamental risk. AI-native Atlas customers and related products such as Search and Vector Search remain important growth drivers. MongoDB buyback coverage
• Positive Sentiment: Citizens JMP and RBC reaffirmed positive ratings, maintaining Market Outperform and Outperform views, respectively. Citizens JMP rating
• Neutral Sentiment: Unusually heavy call-option activity suggests some traders are positioning for further upside, but options activity is speculative and does not establish a fundamental change in value. MongoDB call-option activity
• Negative Sentiment: BMO Capital Markets cut its price target, while Stephens lowered its expectations, indicating that some analysts remain cautious about MongoDB’s valuation and execution outlook. BMO price-target revision
• Negative Sentiment: The departure of CEO Chirantan Desai to Meta has created leadership uncertainty. The stock also remains down from its post-earnings level as investors assess whether future growth can justify its elevated valuation. MongoDB CEO transition analysis

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.