MongoDB’s (MDB) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

MongoDB (NASDAQ:MDB)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a report issued on Tuesday,Benzinga reports. They presently have a $395.00 target price on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 14.49% from the stock’s previous close.

A number of other analysts have also weighed in on MDB. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday. Citigroup boosted their target price on MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Robert W. Baird restated a “neutral” rating and set a $260.00 price target (down from $500.00) on shares of MongoDB in a report on Tuesday, March 3rd. Needham & Company LLC reduced their price target on MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Finally, Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Twenty-six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $365.03.

MongoDB Stock Performance

Shares of MDB traded up $15.00 during mid-day trading on Tuesday, hitting $345.00. 203,885 shares of the company’s stock were exchanged, compared to its average volume of 1,806,257. The stock’s 50-day moving average is $263.75 and its 200-day moving average is $335.69. MongoDB has a fifty-two week low of $182.43 and a fifty-two week high of $444.72. The company has a market cap of $27.73 billion, a price-to-earnings ratio of -394.26 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. As a group, equities research analysts anticipate that MongoDB will post -0.46 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the 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 transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 sale, the director directly owned 993,316 shares in the company, valued at approximately $295,998,234.84. The trade was a 1.00% 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. Insiders sold 31,566 shares of company stock valued at $8,744,791 over the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ValueAct Holdings L.P. increased its position in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB in the 4th quarter valued at about $574,821,000. AQR Capital Management LLC boosted its position in shares of MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after purchasing an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. grew its stake in MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after buying an additional 852,540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in MongoDB by 162.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock worth $340,505,000 after buying an additional 678,746 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America raised its price target on MongoDB to $375 from $350, implying meaningful upside from current levels and reinforcing a more constructive Wall Street view ahead of earnings.
• Positive Sentiment: Analyst sentiment remains broadly favorable, with multiple firms maintaining buy or outperform ratings and recent commentary highlighting MongoDB’s AI data platform initiatives and potential Atlas consumption rebound.
• Neutral Sentiment: CEO/founder Dwight Merriman disclosed multiple planned sales of MongoDB shares, including a 6,000-share sale and a prior 10,000-share sale, both executed under a pre-arranged 10b5-1 trading plan. While routine, these trades can still weigh on sentiment because they show insider selling rather than buying. Article Title
• Neutral Sentiment: MongoDB recently beat quarterly EPS and revenue expectations, and the stock has been trading well above its 50-day average, but it remains slightly below its 200-day average, leaving investors focused on whether the next report confirms a sustained growth rebound.

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.