MongoDB (NASDAQ:MDB) Upgraded at KGI Securities

KGI Securities upgraded shares of MongoDB (NASDAQ:MDB) to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Citizens Jmp reiterated a “market outperform” rating and issued a $366.00 price target on shares of MongoDB in a report on Friday, May 29th. Cantor Fitzgerald increased their price objective on shares of MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Robert W. Baird raised their price objective on MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Finally, Scotiabank reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $400.41.

MongoDB Stock Down 5.7%

MDB stock traded down $20.79 during midday trading on Wednesday, hitting $342.08. The company’s stock had a trading volume of 1,401,758 shares, compared to its average volume of 1,434,766. MongoDB has a 12 month low of $198.47 and a 12 month high of $444.72. The company has a 50 day moving average of $330.89 and a two-hundred day moving average of $327.77. The firm has a market capitalization of $27.51 billion, a price-to-earnings ratio of -924.54, a price-to-earnings-growth ratio of 1,308.71 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, analysts anticipate that MongoDB will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, CFO Michael J. Berry sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roelof Botha sold 44,050 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the completion of the transaction, the director directly owned 150,550 shares of the company’s stock, valued at approximately $59,929,438.50. The trade was a 22.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 139,746 shares of company stock valued at $50,247,978. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors have recently modified their holdings of the stock. Clark Financial Services Group Inc. BD boosted its holdings in shares of MongoDB by 1.5% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after purchasing an additional 25 shares during the period. Root Financial Partners LLC raised its holdings in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares during the period. Moody National Bank Trust Division raised its holdings in MongoDB by 3.1% during the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock valued at $377,000 after buying an additional 34 shares during the period. True Wealth Design LLC lifted its position in MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after buying an additional 36 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its position in MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after buying an additional 36 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: KGI Securities upgraded MongoDB to strong-buy, adding to recent upbeat analyst sentiment around the stock. Zacks.com
• Positive Sentiment: Needham raised its price target on MongoDB to $430 from $400 and reiterated a buy rating, implying meaningful upside from current levels.
• Positive Sentiment: Truist also lifted its price target to $400 and kept a buy rating, reinforcing confidence in MongoDB’s growth outlook.
• Neutral Sentiment: MongoDB shareholders approved governance changes at the annual meeting, a routine corporate development that may be viewed as a long-term governance improvement. Article
• Neutral Sentiment: Citi highlighted AI beneficiaries ahead of software earnings, with MongoDB potentially benefiting from continued enterprise AI spending, though the note was broader industry commentary rather than a direct company-specific update. Article
• Negative Sentiment: Despite the favorable analyst action, MongoDB stock has been under pressure in recent trading, suggesting investors are taking profits or rotating out of the name even after positive fundamental and rating news. Article

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.