MongoDB (NASDAQ:MDB) Given New $465.00 Price Target at Stifel Nicolaus

MongoDB (NASDAQ:MDB) had its target price cut by analysts at Stifel Nicolaus from $475.00 to $465.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 7.09% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Bank of America raised their price objective on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Morgan Stanley set a $519.00 price objective on shares of MongoDB in a report on Wednesday. Tigress Financial increased their target price on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, KGI Securities assumed coverage on MongoDB in a report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $464.74.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $434.21 on Wednesday. The company has a 50 day simple moving average of $369.91 and a two-hundred day simple moving average of $322.27. The company has a market capitalization of $34.92 billion, a price-to-earnings ratio of -1,173.54, a P/E/G ratio of 3,220.66 and a beta of 1.58. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10.

MongoDB (NASDAQ:MDB) last issued 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 business had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company’s revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, analysts forecast that MongoDB will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $353.91, for a total value of $3,539,100.00. Following the completion of the transaction, the director directly owned 983,316 shares of the company’s stock, valued at $348,005,365.56. This represents a 1.01% decrease in their ownership of the stock. 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 1,566 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the completion of the transaction, the director owned 25,444 shares in the company, valued at $8,754,008.20. This trade represents a 5.80% 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. In the last three months, insiders have sold 80,696 shares of company stock worth $31,425,055. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of MongoDB in the 4th quarter worth about $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in MongoDB during the 1st quarter valued at $34,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of MongoDB during the second quarter worth about $34,000. NBH Bank purchased a new stake in MongoDB during the 2nd quarter worth approximately $34,000. Finally, CX Institutional raised its holdings in MongoDB by 94.3% in the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Results exceeded expectations: Revenue rose 30.5% year over year to $771.8 million, topping estimates of roughly $735 million, while adjusted EPS of $1.90 surpassed consensus near $1.61-$1.62. MongoDB fiscal 2027 second-quarter results
• Positive Sentiment: Atlas and AI demand remain key growth drivers: Atlas revenue increased approximately 29%, while enterprise and other revenue grew about 36%. Management cited record customer additions and increasing AI-related workloads. MongoDB earnings call highlights
• Positive Sentiment: Guidance was raised: Fiscal 2027 revenue is projected at approximately $2.99 billion to $3.03 billion, with the increase primarily tied to a stronger Atlas outlook of about 27% growth. Third-quarter revenue guidance of $756 million to $761 million and adjusted EPS guidance of $1.57 to $1.61 also exceed analyst estimates. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Analyst support improved: Monness Crespi & Hardt raised its price target to $460 and Cantor Fitzgerald lifted its target to $540, both maintaining bullish ratings. MongoDB analyst price-target changes
• Neutral Sentiment: The company remains focused on monetizing AI-native customers, but investors want evidence that AI demand can produce sustained acceleration beyond the current roughly 27%-30% Atlas growth range.
• Negative Sentiment: Strong results may not have been strong enough for the valuation: MongoDB had rallied substantially into earnings, leaving the stock vulnerable to profit-taking and a “sell the news” reaction.
• Negative Sentiment: Profitability and investment concerns weighed on sentiment: AI infrastructure and other capacity costs may pressure margins, while the third-quarter EPS outlook is below the $1.90 delivered in the latest quarter. Broader skepticism toward software stocks added to the selling pressure. MongoDB strong sales but stock declines

About MongoDB

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.