MongoDB (NASDAQ:MDB) Price Target Raised to $465.00

by · The Markets Daily

MongoDB (NASDAQ:MDB – Free Report) had its price target hoisted by DA Davidson from $415.00 to $465.00 in a report published on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on MDB. Royal Bank Of Canada increased their target price on MongoDB from $405.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday. Macquarie raised their price objective on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Canaccord Genuity Group lifted their target price on shares of MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial boosted their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Wolfe Research upped their price target on shares of MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $415.39.

Get Our Latest Stock Analysis on MongoDB

MongoDB Trading Down 2.3%

MDB opened at $396.73 on Tuesday. The company’s 50 day moving average is $338.61 and its 200-day moving average is $272.19. The company has a market cap of $32.28 billion, a P/E ratio of -456.01 and a beta of 1.45. MongoDB has a 1-year low of $140.78 and a 1-year high of $419.50.

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

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $410.00, for a total transaction of $1,640,000.00. Following the sale, the director owned 1,051,316 shares of the company’s stock, valued at approximately $431,039,560. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 833 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $326.13, for a total value of $271,666.29. Following the sale, the director owned 44,867 shares of the company’s stock, valued at approximately $14,632,474.71. The trade was a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 95,172 shares of company stock worth $31,450,450. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of MongoDB by 20.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after purchasing an additional 249 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of MongoDB by 181.8% during the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after purchasing an additional 362,705 shares during the period. Red Spruce Capital LLC lifted its holdings in shares of MongoDB by 11.8% in the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,426 shares in the last quarter. Triton Financial Group Inc bought a new position in shares of MongoDB in the 2nd quarter worth $782,000. Finally, Jones Financial Companies Lllp grew its position in MongoDB by 875.2% in the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock valued at $1,745,000 after purchasing an additional 8,927 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

(Get Free Report)

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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