Royal Bank Of Canada Cuts MongoDB (NASDAQ:MDB) Price Target to $465.00

MongoDB (NASDAQ:MDB) had its price target decreased by Royal Bank Of Canada from $515.00 to $465.00 in a research report released on Wednesday, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the stock.

MDB has been the subject of several other research reports. Guggenheim reaffirmed a “buy” rating and set a $560.00 price objective on shares of MongoDB in a report on Wednesday. Mizuho lifted their target price on MongoDB from $400.00 to $460.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus reduced their target price on MongoDB from $475.00 to $465.00 and set a “buy” rating for the company in a report on Wednesday. Zacks Research raised MongoDB from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Citizens Jmp restated a “market outperform” rating and set a $519.00 price target on shares of MongoDB in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

MongoDB Trading Down 4.1%

Shares of MongoDB stock opened at $368.74 on Wednesday. The company has a fifty day simple moving average of $374.27 and a 200-day simple moving average of $322.83. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10. The stock has a market cap of $29.66 billion, a price-to-earnings ratio of 519.35, a PEG ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The firm had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same period last year, the firm posted $1.00 EPS. The company’s revenue 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. On average, analysts forecast that MongoDB will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, June 12th. The shares were sold at an average price of $353.91, for a total value of $3,539,100.00. Following the transaction, the director directly owned 983,316 shares in the company, valued at approximately $348,005,365.56. The trade was a 1.01% decrease in their ownership of the stock. 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, CFO Michael 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 completion of the sale, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% 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. In the last three months, insiders have sold 40,696 shares of company stock valued at $16,098,655. Insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. California State Teachers Retirement System grew its stake in shares of MongoDB by 32,986.4% in the 2nd quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock valued at $13,277,581,000 after purchasing an additional 39,408,906 shares during the last quarter. ValueAct Holdings L.P. increased its holdings in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares during the period. State Street Corp raised its stake in shares of MongoDB by 2.3% during the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after purchasing an additional 40,219 shares during the last quarter. Amundi raised its stake in shares of MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

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.