MongoDB (NASDAQ:MDB) Stock Price Target Lowered at Stifel Nicolaus

MongoDB (NASDAQ:MDB) had its target price decreased by equities researchers at Stifel Nicolaus from $465.00 to $385.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 14.18% from the company’s previous close.

A number of other analysts also recently weighed in on MDB. UBS Group cut their target price on MongoDB from $460.00 to $410.00 and set a “neutral” rating for the company in a research report on Wednesday, September 2nd. The Goldman Sachs Group boosted their price target on MongoDB from $453.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Rosenblatt Securities increased their price objective on shares of MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. KGI Securities began coverage on shares of MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price on the stock. Finally, Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $466.19.

MongoDB Trading Up 0.7%

Shares of MDB opened at $337.19 on Wednesday. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The firm’s 50 day moving average is $387.97 and its 200-day moving average is $331.74. The stock has a market capitalization of $27.16 billion, a PE ratio of 474.92, a P/E/G ratio of 35.95 and a beta of 1.58.

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. The business had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The firm’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 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. Equities research analysts predict that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $470.59, for a total transaction of $4,705,900.00. Following the sale, the director directly owned 962,953 shares of the company’s stock, valued at approximately $453,156,052.27. The trade was a 1.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the transaction, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 17,000 shares of company stock valued at $7,792,320 in the last three months. Company insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of MongoDB by 21.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock worth $560,872,000 after buying an additional 239,338 shares during the last quarter. Capital World Investors lifted its stake in shares of MongoDB by 129.1% in the 4th quarter. Capital World Investors now owns 980,182 shares of the company’s stock valued at $411,373,000 after acquiring an additional 552,434 shares during the last quarter. Fred Alger Management LLC lifted its stake in shares of MongoDB by 7.3% in the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock valued at $235,704,000 after acquiring an additional 38,225 shares during the last quarter. Employees Provident Fund Board acquired a new stake in shares of MongoDB during the 4th quarter valued at $203,365,000. Finally, Polar Capital Holdings Plc boosted its holdings in shares of MongoDB by 730.6% during the 4th quarter. Polar Capital Holdings Plc now owns 431,207 shares of the company’s stock valued at $180,973,000 after acquiring an additional 379,289 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB unveiled MongoDB 9.0, Atlas Infinite and Atlas Agent Engine at its Investor Day. The company says MongoDB 9.0 offers up to twice the throughput, 35% faster reads and 30% faster updates, while Atlas Infinite is designed to scale rapidly for unpredictable AI workloads. MongoDB launches MongoDB 9.0 and Atlas Infinite
• Positive Sentiment: The partnership with Cognition, creator of Devin, is intended to help customers modernize legacy infrastructure faster and migrate workloads to MongoDB Atlas, potentially supporting enterprise adoption. Cognition and MongoDB partnership
• Positive Sentiment: MongoDB reaffirmed its fiscal 2027 third-quarter and full-year guidance following the CEO transition, suggesting that management does not currently see a material deterioration in demand. DA Davidson also maintained a Buy rating with a $465 price target. What’s going on with MongoDB stock
• Neutral Sentiment: Former CEO Dev Ittycheria was named interim chief executive while MongoDB searches for a permanent successor. His prior experience leading the company provides continuity, but the search timeline and long-term strategy remain important investor concerns. MongoDB stock drops after CEO exit
• Negative Sentiment: CEO Chirantan “CJ” Desai left immediately to lead Meta’s new enterprise platform. Investors are concerned about execution, strategy and the loss of an executive who knows MongoDB’s products and customers; Meta’s initiative could also become a direct competitor. MongoDB CEO Desai steps down to lead Meta’s enterprise platform
• Negative Sentiment: The selloff has intensified concerns about valuation. MongoDB trades at elevated earnings and sales multiples despite thin profitability, leaving limited room for execution setbacks or slower Atlas growth. Should you buy the dip in MongoDB 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.