Stifel Nicolaus Has Lowered Expectations for MongoDB (NASDAQ:MDB) Stock Price

by · The Markets Daily

MongoDB (NASDAQ:MDB – Get Free Report) had its target price reduced by Stifel Nicolaus from $475.00 to $465.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.09% from the company’s current price.

MDB has been the subject of several other reports. Scotiabank restated an “outperform” rating on shares of MongoDB in a research report on Friday, May 29th. Wells Fargo & Company raised their target price on MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Cantor Fitzgerald lifted their price target on MongoDB from $416.00 to $540.00 and gave the company an “overweight” rating in a research note on Monday. BMO Capital Markets boosted their price target on MongoDB from $375.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Finally, DA Davidson upped their price objective on MongoDB from $375.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $464.74.

Check Out Our Latest Analysis on MongoDB

MongoDB Stock Down 4.2%

Shares of MongoDB stock opened at $434.21 on Wednesday. MongoDB has a 12-month low of $215.68 and a 12-month high of $473.10. The company has a market capitalization of $34.92 billion, a price-to-earnings ratio of -1,173.54, a PEG ratio of 3,220.66 and a beta of 1.58. The firm’s 50-day moving average price is $369.91 and its two-hundred day moving average price is $322.27.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the previous year, the company earned $1.00 EPS. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. 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, sell-side analysts expect that MongoDB will post 0.01 earnings per share for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the director owned 29,326 shares in the company, valued at approximately $10,264,100. The trade was a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the sale, the director owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 80,696 shares of company stock valued at $31,425,055. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Integrated Wealth Concepts LLC raised its holdings in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC bought a new position in MongoDB during the second quarter worth about $329,000. Cresset Asset Management LLC grew its stake in MongoDB by 13.4% in the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after buying an additional 370 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,697 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

  • Positive Sentiment: Results exceeded expectations: Revenue rose 30.5% year over year to $771.8 million, topping estimates of roughly $735 million, while adjusted EPS of $1.90 surpassed consensus near $1.61-$1.62. MongoDB fiscal 2027 second-quarter results
  • Positive Sentiment: Atlas and AI demand remain key growth drivers: Atlas revenue increased approximately 29%, while enterprise and other revenue grew about 36%. Management cited record customer additions and increasing AI-related workloads. MongoDB earnings call highlights
  • Positive Sentiment: Guidance was raised: Fiscal 2027 revenue is projected at approximately $2.99 billion to $3.03 billion, with the increase primarily tied to a stronger Atlas outlook of about 27% growth. Third-quarter revenue guidance of $756 million to $761 million and adjusted EPS guidance of $1.57 to $1.61 also exceed analyst estimates. MongoDB raises fiscal 2027 outlook
  • Positive Sentiment: Analyst support improved: Monness Crespi & Hardt raised its price target to $460 and Cantor Fitzgerald lifted its target to $540, both maintaining bullish ratings. MongoDB analyst price-target changes
  • Neutral Sentiment: The company remains focused on monetizing AI-native customers, but investors want evidence that AI demand can produce sustained acceleration beyond the current roughly 27%-30% Atlas growth range.
  • Negative Sentiment: Strong results may not have been strong enough for the valuation: MongoDB had rallied substantially into earnings, leaving the stock vulnerable to profit-taking and a “sell the news” reaction.
  • Negative Sentiment: Profitability and investment concerns weighed on sentiment: AI infrastructure and other capacity costs may pressure margins, while the third-quarter EPS outlook is below the $1.90 delivered in the latest quarter. Broader skepticism toward software stocks added to the selling pressure. MongoDB strong sales but stock declines

MongoDB Company Profile

(Get Free Report)

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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