MongoDB (NASDAQ:MDB) Shares Climb 6.1% – Time to Buy?

MongoDB, Inc. (NASDAQ:MDB)’s share price traded up 6.1% on Tuesday. The stock traded as high as $411.21 and last traded at $404.6130. 347,523 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 2,013,607 shares. The stock had previously closed at $381.29.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America reiterated its Buy rating and $540 price target, citing MongoDB’s long-term AI strategy, enterprise modernization opportunity and differentiated document-database platform. MongoDB gains as BofA highlights long-term AI strategy potential
• Positive Sentiment: Needham reaffirmed its Buy rating with a $430 price target, while Scotiabank added MDB to its top-picks list. The analysts’ endorsements indicate confidence in MongoDB’s investor-day messaging, Atlas growth and expanding AI capabilities. MongoDB pops as Needham, BofA stay bullish
• Positive Sentiment: A bullish research view argues that the recent pullback could be a buying opportunity because of strong MongoDB Atlas growth, improving AI functionality and rising earnings estimates. MongoDB Falls 11% YTD: Here’s Why You Should Buy the Stock Now
• Neutral Sentiment: MongoDB’s latest reported quarter exceeded earnings and revenue expectations, with revenue increasing 30.5% year over year. However, the stock trades at a very high earnings multiple, leaving it sensitive to any slowdown in growth or weakening market sentiment.
• Negative Sentiment: Investor concern has also been linked to reports that MongoDB’s CEO was recruited by another technology company, raising questions about leadership stability and execution of the company’s AI and growth strategy. Why Is MongoDB Stock Crashing and Is It a Buying Opportunity?
• Negative Sentiment: Director Dwight Merriman reported selling approximately $5.06 million of MDB shares across October 8–9. The sales were conducted under a pre-arranged Rule 10b5-1 plan and represent only a small reduction in his holdings, limiting their bearish significance but adding a near-term overhang. MongoDB insider transaction filing

Analysts Set New Price Targets

Several brokerages have recently issued reports on MDB. Truist Financial increased their price objective on shares of MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Rosenblatt Securities boosted their price objective on shares of MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $465.00 price objective on shares of MongoDB in a research report on Wednesday, September 30th. Citigroup reaffirmed a “market outperform” rating on shares of MongoDB in a research note on Monday, September 28th. Finally, Wells Fargo & Company upped their target price on shares of MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $462.91.

MongoDB Stock Performance

The stock has a market cap of $28.70 billion, a price-to-earnings ratio of 501.82, a P/E/G ratio of 40.08 and a beta of 1.74. The business has a 50-day simple moving average of $395.72 and a two-hundred day simple moving average of $339.73.

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

Insider Activity at MongoDB

In other MongoDB news, Director Dwight Merriman sold 10,000 shares of MongoDB stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $359.97, for a total value of $3,599,700.00. Following the sale, the director directly owned 952,953 shares in the company, valued at approximately $343,034,491.41. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Hazard, Jr. sold 595 shares of MongoDB stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total transaction of $216,490.75. Following the completion of 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 90 days, insiders sold 31,595 shares of company stock valued at $13,065,211. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently modified their holdings of MDB. B. Riley Wealth Advisors Inc. raised its holdings in MongoDB by 19.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 800 shares of the company’s stock valued at $279,000 after acquiring an additional 133 shares during the period. Krilogy Financial LLC boosted its holdings in shares of MongoDB by 11.4% during the third quarter. Krilogy Financial LLC now owns 3,594 shares of the company’s stock worth $1,370,000 after acquiring an additional 369 shares during the period. Sax Wealth Advisors LLC bought a new stake in shares of MongoDB during the third quarter worth approximately $812,000. NorthCrest Asset Manangement LLC boosted its holdings in shares of MongoDB by 43.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 2,902 shares of the company’s stock worth $1,078,000 after acquiring an additional 874 shares during the period. Finally, Perpetual Ltd grew its position in shares of MongoDB by 52.1% in the third quarter. Perpetual Ltd now owns 4,189 shares of the company’s stock valued at $1,460,000 after purchasing an additional 1,435 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

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.