MongoDB (NASDAQ:MDB) Given New $375.00 Price Target at BMO Capital Markets

by · The Cerbat Gem

MongoDB (NASDAQ:MDB – Get Free Report) had its price objective increased by research analysts at BMO Capital Markets from $360.00 to $375.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 15.14% from the stock’s current price.

A number of other research firms have also recently weighed in on MDB. Wedbush reduced their price target on MongoDB from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Scotiabank raised MongoDB from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $275.00 to $310.00 in a report on Thursday, March 5th. Monness Crespi & Hardt upped their price target on MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler reduced their price target on MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $380.00 price target (up from $335.00) on shares of MongoDB in a report on Friday. Twenty-six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $378.17.

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MongoDB Price Performance

Shares of NASDAQ MDB opened at $325.68 on Friday. The stock has a market capitalization of $26.17 billion, a price-to-earnings ratio of -370.09 and a beta of 1.48. MongoDB has a 12 month low of $182.43 and a 12 month high of $444.72. The firm’s 50 day simple moving average is $272.10 and its 200-day simple moving average is $333.73.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the company earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. Analysts anticipate that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 10,000 shares of the 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 transaction, the director owned 993,316 shares in the company, valued at $295,998,234.84. This trade represents a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 of the company’s stock, valued at $6,007,107.69. The trade was a 6.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,566 shares of company stock worth $8,744,791 in the last quarter. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in MDB. Cramer Rosenthal Mcglynn LLC increased its stake in MongoDB by 897.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 57,795 shares of the company’s stock worth $17,938,000 after acquiring an additional 52,002 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of MongoDB by 1,277.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock worth $5,655,000 after buying an additional 16,896 shares during the period. Penserra Capital Management LLC grew its stake in shares of MongoDB by 42.1% in the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after buying an additional 39,978 shares in the last quarter. Kinetic Partners Management LP grew its stake in shares of MongoDB by 27.2% in the third quarter. Kinetic Partners Management LP now owns 195,769 shares of the company’s stock valued at $60,763,000 after buying an additional 41,810 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock valued at $148,872,000 after buying an additional 189,820 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

  • Positive Sentiment: MongoDB beat Q1 estimates, reporting $1.32 in adjusted EPS versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, with sales up about 25% year over year. Article Title
  • Positive Sentiment: The company raised Q2 and full-year fiscal 2027 guidance well above Wall Street expectations, signaling stronger-than-expected demand and improving visibility. Article Title
  • Positive Sentiment: Atlas revenue grew more than 29% year over year, reinforcing that MongoDB’s cloud database business remains the key growth driver, while management highlighted strong enterprise and AI demand. Article Title
  • Positive Sentiment: Analysts also turned more constructive, with Cantor Fitzgerald and Canaccord Genuity both raising price targets after the report, reflecting improved sentiment around MongoDB’s growth outlook. Article Title
  • Neutral Sentiment: Some commentary from traders suggested the stock also reacted to remarks that Atlas growth may become more predictable going forward, which was interpreted by a few investors as slightly softer than the most optimistic expectations. Article Title

MongoDB Company Profile

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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.

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