MongoDB (NASDAQ:MDB) Upgraded by Zacks Research to Strong-Buy Rating

MongoDB (NASDAQ:MDB) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada lowered their target price on MongoDB from $515.00 to $465.00 and set an “outperform” rating for the company in a report on Wednesday. DA Davidson reiterated a “buy” rating and set a $465.00 price target on shares of MongoDB in a research note on Wednesday. Cantor Fitzgerald increased their price target on shares of MongoDB from $416.00 to $540.00 and gave the stock an “overweight” rating in a research report on Monday, August 31st. Weiss Ratings raised shares of MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Citigroup restated a “buy” rating and issued a $565.00 price objective (up from $545.00) on shares of MongoDB in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Price Performance

Shares of MDB opened at $368.74 on Thursday. The firm has a 50-day simple moving average of $374.27 and a two-hundred day simple moving average of $322.83. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10. The stock has a market cap of $29.66 billion, a PE ratio of 519.35, a P/E/G ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $735.01 million. During the same quarter last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter 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. As a group, sell-side analysts expect that MongoDB will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, CFO Michael Berry sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer owned 1,500 shares in the company, valued at $534,945. This represents a 76.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the director directly owned 29,326 shares in the company, valued at $10,264,100. This represents a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,696 shares of company stock worth $16,098,655 in the last quarter. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of MongoDB by 32,986.4% during the 2nd quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock worth $13,277,581,000 after purchasing an additional 39,408,906 shares during the last quarter. ValueAct Holdings L.P. increased its holdings in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the last quarter. Norges Bank purchased a new position in MongoDB in the fourth quarter valued at $574,821,000. AQR Capital Management LLC raised its stake in MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares in the last quarter. Finally, Amundi raised its stake in MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

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.