MongoDB (NASDAQ:MDB) Stock Rating Reaffirmed as “Market Outperform” by Citizens Jmp

MongoDB (NASDAQ:MDB)‘s stock had its “market outperform” rating reaffirmed by Citizens Jmp in a report issued on Wednesday, Benzinga reports. They currently have a $519.00 target price on the stock. Citizens Jmp’s target price suggests a potential upside of 44.90% from the company’s current price.

A number of other equities research analysts have also recently weighed in on MDB. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Weiss Ratings upgraded MongoDB from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. KGI Securities assumed coverage on MongoDB in a research report on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price objective on the stock. Wells Fargo & Company increased their price objective on MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Finally, The Goldman Sachs Group increased their price objective on MongoDB from $453.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $462.59.

MongoDB Stock Performance

MDB traded up $0.21 during trading hours on Wednesday, reaching $358.17. The company’s stock had a trading volume of 2,025,908 shares, compared to its average volume of 2,030,763. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The company’s 50-day moving average is $391.09 and its 200-day moving average is $333.65. The firm has a market cap of $28.85 billion, a PE ratio of 504.61, a price-to-earnings-growth ratio of 38.46 and a beta of 1.74.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the prior year, the business earned $1.00 EPS. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities analysts anticipate that MongoDB will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Hope Cochran sold 1,000 shares of the 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 sale, the director directly owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight Merriman sold 6,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the sale, the director directly owned 452,896 shares in the company, valued at approximately $204,595,768. This trade represents a 1.31% 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 three months, insiders have sold 17,000 shares of company stock worth $7,792,320. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Fiera Capital Corp raised its position in shares of MongoDB by 33.6% during the fourth quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after purchasing an additional 46,051 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab raised its position in shares of MongoDB by 48.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock worth $6,990,000 after purchasing an additional 6,819 shares during the period. Assenagon Asset Management S.A. raised 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 worth $43,022,000 after purchasing an additional 21,273 shares during the period. Entropy Technologies LP acquired a new position in shares of MongoDB during the fourth quarter worth approximately $6,050,000. Finally, Daventry Group LP raised 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 worth $20,097,000 after purchasing an additional 14,412 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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.