MongoDB (NASDAQ:MDB) Stock Rating Upgraded by Wall Street Zen

MongoDB (NASDAQ:MDB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently commented on the stock. Oppenheimer boosted their target price on shares of MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. The Goldman Sachs Group raised their price target on shares of MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Stifel Nicolaus cut their price objective on shares of MongoDB from $475.00 to $465.00 and set a “buy” rating on the stock in a research report on Wednesday, September 2nd. Robert W. Baird lifted their price objective on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Finally, Morgan Stanley boosted their price objective on shares of MongoDB from $380.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $368.74 on Friday. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10. The business’s fifty day simple moving average is $374.27 and its 200-day simple moving average is $322.51. The company has a market capitalization of $29.66 billion, a PE ratio of 519.35, a P/E/G ratio of 38.75 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last released its quarterly 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 analyst estimates of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company 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 predict that MongoDB will post 0.48 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the sale, the director owned 29,326 shares of the company’s stock, valued at approximately $10,264,100. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the sale, 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 have sold 40,696 shares of company stock worth $16,098,655. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in 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 buying an additional 39,408,906 shares during the last quarter. ValueAct Holdings L.P. lifted its stake in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the period. Norges Bank purchased a new stake in shares of MongoDB in the 4th quarter valued at $574,821,000. AQR Capital Management LLC boosted its holdings in shares of MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after acquiring an additional 1,069,969 shares during the last quarter. Finally, Amundi boosted its holdings in shares of MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after acquiring an additional 563,995 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB News Summary

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

MongoDB Company Profile

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.