MongoDB, Inc. (NASDAQ:MDB) Stock Has Consensus Target Price of $462.59 According to Analysts

MongoDB, Inc. (NASDAQ:MDB) has been given a consensus recommendation of “Moderate Buy” by the thirty-seven brokerages that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, twenty-eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $462.91.

MDB has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Citigroup restated a “market outperform” rating on shares of MongoDB in a research report on Monday, September 28th. Stifel Nicolaus decreased their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, Oppenheimer upped their price target on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,000 shares of the firm’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 value of $375,920.00. Following the completion of the sale, the director owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. This represents a 1.31% 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. Over the last 90 days, insiders sold 17,595 shares of company stock valued at $8,008,811. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently added to or reduced their stakes in the company. Riversedge Advisors LLC raised its stake in shares of MongoDB by 45.2% during the third quarter. Riversedge Advisors LLC now owns 886 shares of the company’s stock worth $309,000 after buying an additional 276 shares during the last quarter. Wedmont Private Capital raised its position in shares of MongoDB by 78.7% during the 3rd quarter. Wedmont Private Capital now owns 1,908 shares of the company’s stock valued at $709,000 after acquiring an additional 840 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of MongoDB by 6.0% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 1,276 shares of the company’s stock valued at $445,000 after purchasing an additional 72 shares during the period. GAMMA Investing LLC lifted its stake in shares of MongoDB by 26.8% in the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the company’s stock valued at $183,000 after purchasing an additional 111 shares during the period. Finally, Zevenbergen Capital Investments LLC boosted its position in shares of MongoDB by 26.8% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 42,100 shares of the company’s stock worth $14,676,000 after purchasing an additional 8,900 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ MDB opened at $385.93 on Wednesday. MongoDB has a twelve month low of $215.68 and a twelve month high of $473.10. The stock has a market cap of $31.09 billion, a PE ratio of 543.56, a PEG ratio of 39.89 and a beta of 1.74. The firm has a 50-day simple moving average of $395.79 and a 200 day simple moving average of $336.68.

MongoDB (NASDAQ:MDB) last issued 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. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm had revenue of $771.77 million for the quarter, compared to analyst estimates of $735.01 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. 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 forecast that MongoDB will post 0.47 earnings per share for the current fiscal year.

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.