Key Points
- MongoDB director Archana Agrawal sold 1,000 shares for $400,000, reducing her holdings by 18.77% to 4,328 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- MongoDB reported strong quarterly results, with revenue of $771.77 million—up 30.5% year over year—and EPS of $1.90, exceeding analyst expectations.
- Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $462.91, although leadership uncertainty and additional insider selling remain potential concerns.
MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Archana Agrawal sold 1,000 shares of MongoDB stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director directly owned 4,328 shares in the company, valued at approximately $1,731,200. The trade was a 18.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Stock Up 2.9%
MongoDB stock opened at $366.49 on Friday. The stock has a market capitalization of $29.52 billion, a PE ratio of 1,549.09, a price-to-earnings-growth ratio of 34.49 and a beta of 1.74. MongoDB, Inc. has a twelve month low of $215.68 and a twelve month high of $473.10. The company has a 50 day moving average of $395.65 and a 200-day moving average of $340.65.
MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%. The firm had revenue of $771.77 million during the quarter, compared to analysts' expectations of $735.01 million. During the same quarter in the prior year, the company earned $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. Equities analysts anticipate that MongoDB, Inc. will post 0.47 EPS for the current fiscal year.
Hedge Funds Weigh In On MongoDB
A number of institutional investors have recently added to or reduced their stakes in the company. NFSG Corp increased its stake in shares of MongoDB by 11.0% during the 3rd quarter. NFSG Corp now owns 454 shares of the company's stock worth $158,000 after purchasing an additional 45 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of MongoDB by 32.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 169,512 shares of the company's stock valued at $59,094,000 after purchasing an additional 41,432 shares during the period. Curated Wealth Partners LLC lifted its stake in MongoDB by 108.4% in the 3rd quarter. Curated Wealth Partners LLC now owns 1,530 shares of the company's stock valued at $533,000 after purchasing an additional 796 shares during the last quarter. Mainsail Asset Management LLC acquired a new stake in MongoDB in the 3rd quarter valued at about $203,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in MongoDB by 19.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 800 shares of the company's stock valued at $279,000 after purchasing an additional 133 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently issued reports on MDB shares. Barclays increased their price objective on MongoDB from $460.00 to $480.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. Weiss Ratings upgraded MongoDB from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Stifel Nicolaus cut their target price on MongoDB from $465.00 to $385.00 and set a "buy" rating on the stock in a research note on Wednesday, September 30th. Sanford C. Bernstein upped their price target on MongoDB from $449.00 to $484.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Finally, Oppenheimer raised their price target on shares of MongoDB from $410.00 to $475.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $462.91.
Check Out Our Latest Stock Report on MongoDB
More MongoDB News
Here are the key news stories impacting MongoDB this week:
- Positive Sentiment: MongoDB’s growing large-enterprise customer base is supporting higher MongoDB Atlas consumption, recurring revenue and broader adoption of AI-powered database capabilities. This suggests the cloud platform could sustain strong growth as businesses modernize their data infrastructure. MongoDB's enterprise customer base grows
- Positive Sentiment: Analysts remain constructive on MongoDB’s long-term prospects. Needham reaffirmed a Buy rating with a $430 price target, while Bank of America maintained a $540 target, citing enterprise modernization, AI application development and MongoDB’s differentiated document-database platform. Bank of America highlights MongoDB's AI strategy
- Positive Sentiment: A recent investment case argues that the pullback in MongoDB shares may create an opportunity, pointing to Atlas growth, expanding AI capabilities and rising earnings estimates. The company’s latest reported quarter also exceeded expectations, with revenue up 30.5% year over year and earnings above consensus. Why investors may consider MongoDB after its pullback
- Neutral Sentiment: Broader concerns about AI-company valuations and the pace of AI infrastructure spending could affect sentiment toward MongoDB, although the developments do not directly change its operating results. AI valuation and infrastructure concerns
- Negative Sentiment: MongoDB’s CEO was reportedly recruited by another technology company, creating leadership uncertainty and contributing to recent investor concerns. This is a risk to execution even as analysts continue to support the stock. MongoDB CEO departure concerns
- Negative Sentiment: Directors Archana Agrawal and Dwight Merriman sold shares totaling approximately $777,000 in the latest disclosures. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but insider selling may still weigh modestly on sentiment. MongoDB insider transaction filings
MongoDB Company Profile
(
Get Free Report)
MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.
The company's principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.
Further Reading
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