MongoDB (NASDAQ:MDB) Price Target Raised to $440.00

by · The Cerbat Gem

MongoDB (NASDAQ:MDB – Free Report) had its price target hoisted by Wedbush from $400.00 to $440.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on MDB. Needham & Company LLC boosted their price objective on MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen cut shares of MongoDB from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Oppenheimer increased their price objective on shares of MongoDB from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday. Sanford C. Bernstein lifted their price objective on shares of MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their target price on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $415.39.

Read Our Latest Analysis on MDB

MongoDB Trading Down 2.3%

MongoDB stock opened at $396.73 on Tuesday. MongoDB has a twelve month low of $140.78 and a twelve month high of $419.50. The stock’s fifty day simple moving average is $338.61 and its 200-day simple moving average is $272.19. The firm has a market capitalization of $32.28 billion, a P/E ratio of -456.01 and a beta of 1.45.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same period last year, the business posted $1.16 earnings per share. MongoDB’s revenue was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Sell-side analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the sale, the director owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the transaction, the director owned 32,293 shares in the company, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 95,172 shares of company stock worth $31,450,450. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Huntington National Bank grew its position in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the period. Montag A & Associates Inc. lifted its position in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Promus Capital LLC purchased a new stake in shares of MongoDB during the 2nd quarter worth approximately $36,000. TD Private Client Wealth LLC grew its holdings in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares during the period. Finally, Hollencrest Capital Management purchased a new position in MongoDB in the 3rd quarter valued at approximately $37,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

About MongoDB

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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.

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