MongoDB (NASDAQ:MDB) Price Target Raised to $387.00

MongoDB (NASDAQ:MDB) had its target price upped by equities researchers at Barclays from $370.00 to $387.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 25.92% from the company’s current price.

MDB has been the subject of a number of other research reports. DA Davidson reduced their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. BMO Capital Markets upped their price objective on MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Needham & Company LLC reissued an “overweight” rating on shares of MongoDB in a report on Friday. Finally, Truist Financial dropped their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $383.23.

MongoDB Price Performance

NASDAQ MDB traded down $18.34 on Friday, hitting $307.34. 3,390,418 shares of the stock were exchanged, compared to its average volume of 1,925,406. The company has a market capitalization of $24.70 billion, a PE ratio of -351.87 and a beta of 1.48. The business’s fifty day moving average is $272.10 and its 200 day moving average is $333.73. MongoDB has a 52 week low of $182.43 and a 52 week high of $444.72.

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

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of the 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 transaction, the director owned 993,316 shares in the company, valued at approximately $295,998,234.84. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the sale, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,566 shares of company stock worth $8,744,791 in the last ninety days. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

Institutional investors and hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division bought a new position in MongoDB during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC raised its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new stake in MongoDB in the 4th quarter valued at about $33,000. Root Financial Partners LLC grew its position in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of MongoDB during the 4th quarter worth approximately $38,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported first-quarter fiscal 2027 results that beat expectations, with revenue up about 25% year over year to $687.6 million and EPS of $1.32 topping estimates. The company also raised full-year and Q2 guidance well above Wall Street forecasts, which is supporting bullish sentiment. MongoDB Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Analysts turned more constructive after the report, with Oppenheimer, Mizuho, Monness Crespi & Hardt, BMO Capital Markets, Cantor Fitzgerald, and Canaccord all raising price targets and maintaining buy/outperform-style ratings. The new targets cluster around the low-$400s, implying meaningful upside from current levels. Analyst price target updates
• Neutral Sentiment: Several earnings-transcript articles are circulating as investors parse management’s comments on Atlas growth, AI demand, and the company’s outlook. These discussions are helping traders gauge whether growth is becoming more predictable, but they are not a separate catalyst on their own. MongoDB Q1 2027 Earnings Call Transcript
• Negative Sentiment: Some commentary noted that investors worried the company’s remarks about Atlas growth becoming more predictable could signal a softer near-term growth trajectory, which may explain some intraday volatility even after the earnings 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.