MongoDB’s (MDB) Market Outperform Rating Reiterated at Citizens Jmp

Citizens Jmp reaffirmed their market outperform rating on shares of MongoDB (NASDAQ:MDB) in a research note released on Wednesday,Benzinga reports. Citizens Jmp currently has a $519.00 price objective on the stock.

Several other analysts also recently weighed in on the company. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. KGI Securities initiated coverage on MongoDB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 target price on the stock. Sanford C. Bernstein boosted their target price on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. UBS Group dropped their target price on shares of MongoDB from $410.00 to $375.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Robert W. Baird raised their price target on shares of MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $462.59.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $357.96 on Wednesday. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The stock has a market capitalization of $28.84 billion, a price-to-earnings ratio of 504.17, a price-to-earnings-growth ratio of 37.79 and a beta of 1.74. The company’s 50 day simple moving average is $391.09 and its 200 day simple moving average is $333.18.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share 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 analysts’ expectations of $735.01 million. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior 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. As a group, analysts anticipate that MongoDB will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated 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 transaction, the director directly owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. The trade was a 1.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 dated Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the sale, the director owned 28,326 shares in the company, valued at $10,648,309.92. This trade represents a 3.41% 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 sold 17,000 shares of company stock valued at $7,792,320 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC boosted its holdings in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in MongoDB during the 2nd quarter worth approximately $34,000. NBH Bank bought a new position in MongoDB during the 2nd quarter worth approximately $34,000. CX Institutional lifted its position in shares of MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of MongoDB in the 1st quarter worth approximately $34,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $540 price target, implying substantial upside from the referenced share price. Cantor Fitzgerald rating report
• Positive Sentiment: Piper Sandler maintained its Buy rating, reinforcing the view that MongoDB’s growth outlook remains attractive. Piper Sandler maintains Buy rating
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating, while Royal Bank of Canada reiterated its Outperform recommendation. Citizens JMP rating RBC rating
• Positive Sentiment: Bank of America described MongoDB’s Investor Day as a net positive and highlighted AI momentum after the company raised its long-term target to at least 20% annual revenue growth for fiscal 2028–2030. Bank of America Investor Day analysis
• Positive Sentiment: Unusually heavy call-option activity, with roughly 29,206 contracts purchased versus typical daily volume of about 20,822, indicated increased speculative bullish interest. MongoDB call-option activity
• Neutral Sentiment: Commentary is focusing on incoming CEO leadership and whether management can execute on MongoDB’s expanded growth ambitions, creating an event-driven focus for investors. MongoDB CEO analysis
• Negative Sentiment: BMO Capital Markets cut its price target, and Stephens lowered its expectations, signaling more cautious valuation assumptions despite continued analyst support. BMO price-target reduction Stephens expectations
• Negative Sentiment: Analysts noted that MDB had declined since its latest earnings report, reflecting concerns about forward estimates and the stock’s demanding valuation following earnings. MongoDB post-earnings performance analysis

About MongoDB

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.