MongoDB (NASDAQ:MDB) Given New $372.00 Price Target at Stephens

MongoDB (NASDAQ:MDB) had its target price lowered by equities researchers at Stephens from $398.00 to $372.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price target points to a potential upside of 10.32% from the stock’s previous close.

MDB has been the subject of a number of other research reports. Truist Financial boosted their price objective on MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Oppenheimer raised their target price on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Bank of America boosted their price target on shares of MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a report on Monday, June 8th. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Finally, Piper Sandler restated an “overweight” rating and set a $470.00 price target (up from $400.00) on shares of MongoDB in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $468.69.

MongoDB Stock Up 0.7%

Shares of NASDAQ MDB opened at $337.19 on Wednesday. The firm’s 50-day moving average price is $387.97 and its two-hundred day moving average price is $331.74. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10. The stock has a market capitalization of $27.16 billion, a P/E ratio of 474.92, a P/E/G ratio of 35.95 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. The company 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 was up 30.5% compared to the same quarter last year. 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, equities research analysts expect that MongoDB will post 0.47 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction 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 in the company, valued at approximately $10,648,309.92. The trade was a 3.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the 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 completion of the sale, the director 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 17,000 shares of company stock valued at $7,792,320. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of MongoDB by 21.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,336,397 shares of the company’s stock valued at $560,872,000 after acquiring an additional 239,338 shares during the last quarter. Capital World Investors boosted its holdings in MongoDB by 129.1% during the fourth 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 period. Fred Alger Management LLC lifted its position in shares of MongoDB by 7.3% during the 4th quarter. Fred Alger Management LLC now owns 561,614 shares of the company’s stock worth $235,704,000 after purchasing an additional 38,225 shares during the last quarter. Bank of America Corp DE increased its position in MongoDB by 0.3% in the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company’s stock worth $135,922,000 after buying an additional 1,852 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of MongoDB by 55.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company’s stock worth $134,616,000 after acquiring an additional 195,250 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

More MongoDB News

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

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.