MongoDB (NASDAQ:MDB) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of MongoDB (NASDAQ:MDB) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Other analysts have also recently issued reports about the company. UBS Group upped their target price on MongoDB from $275.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, May 29th. BMO Capital Markets raised their price objective on shares of MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Monness Crespi & Hardt boosted their target price on shares of MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a report on Friday, May 29th. KGI Securities started coverage on shares of MongoDB in a report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price target for the company. Finally, Mizuho upped their price objective on MongoDB from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $405.35.

MongoDB Trading Up 0.3%

MDB opened at $310.62 on Friday. MongoDB has a twelve month low of $198.47 and a twelve month high of $444.72. The firm has a market capitalization of $24.98 billion, a PE ratio of -839.51, a PEG ratio of 1,269.30 and a beta of 1.55. The firm’s 50-day moving average price is $335.86 and its 200 day moving average price is $317.73.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, analysts predict that MongoDB will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Dev Ittycheria sold 40,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the transaction, the director directly owned 161,762 shares in the company, valued at $61,980,727.92. This represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,130 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $334.25, for a total transaction of $377,702.50. Following the completion of the transaction, the director directly owned 982,953 shares of the company’s stock, valued at $328,552,040.25. This represents a 0.11% decrease in their position. 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. Insiders have sold 127,746 shares of company stock valued at $47,343,538 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ValueAct Holdings L.P. raised its position in MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp grew its position in shares of MongoDB by 2.3% during the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after buying an additional 40,219 shares in the last quarter. Amundi grew its position in shares of MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after buying an additional 9,693 shares during the period. Finally, Norges Bank purchased a new stake in shares of MongoDB during the fourth quarter worth approximately $574,821,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.