MongoDB (NASDAQ:MDB) Given Market Outperform Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of MongoDB (NASDAQ:MDB) in a report issued on Wednesday morning,Benzinga reports. They currently have a $345.00 target price on the stock.

A number of other brokerages also recently commented on MDB. Barclays boosted their price objective on shares of MongoDB from $270.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday. Macquarie reissued a “neutral” rating and issued a $230.00 price objective (up previously from $215.00) on shares of MongoDB in a research note on Friday, June 6th. Monness Crespi & Hardt lifted their price target on shares of MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens began coverage on shares of MongoDB in a report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price target on the stock. Finally, Citigroup lifted their price target on shares of MongoDB from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.71.

MongoDB Stock Performance

MongoDB stock opened at $295.70 on Wednesday. The company has a 50 day moving average price of $218.36 and a 200-day moving average price of $206.87. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The company has a market capitalization of $24.16 billion, a PE ratio of -301.73 and a beta of 1.44.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. MongoDB’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director directly owned 1,104,316 shares of the company’s stock, valued at $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the sale, the chief executive officer directly owned 236,557 shares in the company, valued at $57,693,886.73. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock valued at $11,936,656 over the last ninety days. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Cloud Capital Management LLC acquired a new position in MongoDB during the first quarter valued at $25,000. Hollencrest Capital Management acquired a new position in MongoDB during the first quarter valued at $26,000. Cullen Frost Bankers Inc. lifted its position in MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the period. Montag A & Associates Inc. lifted its position in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the period. Finally, Promus Capital LLC acquired a new position in MongoDB during the second quarter valued at $36,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.