UBS Group Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

MongoDB (NASDAQ:MDB) had its price objective upped by analysts at UBS Group from $240.00 to $310.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 8.84% from the company’s previous close.

Several other equities analysts have also commented on the company. DA Davidson raised their price target on MongoDB from $275.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research raised their price target on MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday. Needham & Company LLC raised their price target on MongoDB from $270.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Stephens assumed coverage on MongoDB in a research note on Friday, July 18th. They set an “equal weight” rating and a $247.00 price target on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of MongoDB in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $303.20.

MongoDB Stock Performance

MDB stock traded up $70.49 during midday trading on Wednesday, reaching $284.83. The company’s stock had a trading volume of 7,983,104 shares, compared to its average volume of 2,368,321. The stock has a fifty day simple moving average of $216.53 and a two-hundred day simple moving average of $206.25. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00. The firm has a market capitalization of $23.27 billion, a price-to-earnings ratio of -249.34 and a beta of 1.44.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the transaction, the director directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. This trade represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the transaction, the chief executive officer owned 236,557 shares of the company’s stock, valued at approximately $57,693,886.73. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,416 shares of company stock valued at $11,936,656 over the last quarter. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after buying an additional 744,547 shares in the last quarter. State Street Corp increased its position in shares of MongoDB by 5.0% in the second quarter. State Street Corp now owns 1,693,194 shares of the company’s stock valued at $355,554,000 after buying an additional 80,334 shares in the last quarter. Geode Capital Management LLC increased its position in shares of MongoDB by 5.2% in the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock valued at $292,597,000 after buying an additional 68,611 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after buying an additional 129,451 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

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.