MongoDB (NASDAQ:MDB) Given “Market Outperform” Rating at Citizens Jmp

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating reissued by stock analysts at Citizens Jmp in a note issued to investors on Friday,Benzinga reports. They currently have a $366.00 price objective on the stock. Citizens Jmp’s price target indicates a potential upside of 18.05% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Piper Sandler reaffirmed an “overweight” rating on shares of MongoDB in a research report on Friday. Truist Financial reduced their price objective on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Scotiabank reaffirmed an “outperform” rating on shares of MongoDB in a research report on Friday. Wells Fargo & Company reduced their target price on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Finally, Monness Crespi & Hardt increased their target price on shares of MongoDB from $370.00 to $415.00 and gave the company a “buy” rating in a research report on Friday. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $385.93.

MongoDB Stock Down 4.8%

MDB stock traded down $15.65 during trading on Friday, reaching $310.03. The stock had a trading volume of 5,333,468 shares, compared to its average volume of 1,949,068. MongoDB has a one year low of $182.43 and a one year high of $444.72. The company’s 50 day moving average is $272.10 and its two-hundred day moving average is $333.73. The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of -351.83 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same period in the prior year, the firm posted $1.00 EPS. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts predict that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the completion of the transaction, the director directly owned 993,316 shares of the company’s stock, valued at approximately $295,998,234.84. This trade represents a 1.00% 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. Over the last ninety days, insiders sold 31,566 shares of company stock valued at $8,744,791. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MDB. Integrated Wealth Concepts LLC boosted its holdings in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the period. NewEdge Advisors LLC boosted its holdings in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after buying an additional 1,504 shares during the period. Sivia Capital Partners LLC purchased a new stake in MongoDB in the 2nd quarter worth approximately $329,000. Cresset Asset Management LLC lifted its stake in MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock worth $659,000 after purchasing an additional 370 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in MongoDB by 28.3% in the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after purchasing an additional 2,697 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported Q1 revenue of $687.6 million, up about 25% year over year and above Wall Street expectations, while non-GAAP EPS of $1.32 also topped estimates. MongoDB (NASDAQ:MDB) Reports Upbeat Q1 CY2026, Stock Jumps 22.1%
• Positive Sentiment: The company raised its full-year FY2027 outlook and Q2 guidance well above consensus, reinforcing confidence that recent growth can continue. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas remains the main growth engine, with Atlas revenue up more than 29% year over year, which supports the bullish narrative around MongoDB’s cloud and AI exposure. MongoDB tops Q1 estimates, raises full-year outlook on Atlas strength
• Positive Sentiment: Analysts turned more constructive after the results, including Barclays, Guggenheim, Bank of America, Wedbush, Oppenheimer, Mizuho, BMO, and others raising price targets, signaling higher expectations for the stock. Benzinga analyst target update
• Neutral Sentiment: Some commentary notes that traders are still debating whether the company’s comments imply Atlas growth could become more predictable, but that appears secondary to the strong earnings and guidance beat. Why MDB Stock Is Up Overnight After Wild Ride Today

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.