MongoDB, Inc. (NASDAQ:MDB) Stock Has Consensus Price Target of $461.91

MongoDB, Inc. (NASDAQ:MDB) has been assigned a consensus rating of “Moderate Buy” from the thirty-eight analysts that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $461.91.

Several research analysts have recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $540.00 target price on shares of MongoDB in a research report on Friday, October 2nd. Rosenblatt Securities lifted their price target on MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Oppenheimer upped their price target on MongoDB from $410.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. UBS Group decreased their price objective on MongoDB from $410.00 to $375.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Finally, BMO Capital Markets lowered their price objective on MongoDB from $450.00 to $420.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $312.83 on Friday. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The company’s 50-day moving average is $373.35 and its 200 day moving average is $337.26. The stock has a market capitalization of $25.20 billion, a P/E ratio of 440.61, a P/E/G ratio of 28.48 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. MongoDB’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business 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. Research analysts anticipate that MongoDB will post 0.50 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Archana Agrawal sold 1,000 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the completion of the transaction, the director directly owned 4,328 shares in the company, valued at $1,731,200. This trade represents a 18.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 9,275 shares of MongoDB stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $347.17, for a total transaction of $3,220,001.75. Following the transaction, the director directly owned 72,987 shares of the company’s stock, valued at approximately $25,338,896.79. This trade represents a 11.27% decrease in their ownership of the stock. 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 52,465 shares of company stock valued at $20,382,936 over the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in shares of MongoDB by 5,333.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 8,150 shares of the company’s stock worth $2,841,000 after buying an additional 8,000 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after buying an additional 6,819 shares during the last quarter. National Pension Service increased its position in shares of MongoDB by 10.7% during the second quarter. National Pension Service now owns 153,687 shares of the company’s stock valued at $51,623,000 after acquiring an additional 14,866 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of MongoDB by 19.9% during the second quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after acquiring an additional 21,273 shares in the last quarter. Finally, Daventry Group LP increased its position in shares of MongoDB by 21.3% during the first quarter. Daventry Group LP now owns 82,105 shares of the company’s stock valued at $20,097,000 after acquiring an additional 14,412 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc develops database software and related services for businesses and developers. Its core product, MongoDB, is a document database designed to store and manage data in a flexible format for applications across a range of industries and use cases.

The company offers MongoDB Atlas, a managed cloud database service available across major cloud platforms, as well as software that customers can deploy in their own environments. MongoDB also provides tools and services for application development, database management, security, and data operations.

Founded in 2007 as 10gen, the company introduced its database software under the MongoDB name and later adopted that name as its corporate identity.