MongoDB (NASDAQ:MDB) Price Target Raised to $450.00

MongoDB (NASDAQ:MDB) had its price target increased by investment analysts at Truist Financial from $400.00 to $450.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 11.79% from the stock’s current price.

MDB has been the subject of a number of other research reports. UBS Group lifted their price objective on MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of MongoDB in a report on Tuesday. Barclays increased their price objective on shares of MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday. Stifel Nicolaus set a $375.00 price objective on shares of MongoDB in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald upped their target price on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $399.19.

MongoDB Trading Up 22.4%

MDB traded up $73.67 during trading on Tuesday, hitting $402.54. 5,215,384 shares of the company’s stock traded hands, compared to its average volume of 2,345,448. The stock has a market capitalization of $32.75 billion, a price-to-earnings ratio of -413.10 and a beta of 1.45. MongoDB has a 12-month low of $140.78 and a 12-month high of $419.50. The company’s 50 day simple moving average is $333.51 and its two-hundred day simple moving average is $268.89.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. During the same quarter in the previous year, the firm posted $1.16 EPS. The firm’s revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS. FY 2026 guidance at 4.760-4.800 EPS. On average, equities analysts expect that MongoDB will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total transaction of $384,989.82. Following the transaction, the director owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. This represents a 38.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 90,173 shares of company stock worth $29,484,646 in the last three months. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in MDB. Huntington National Bank grew its position in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the last quarter. TD Private Client Wealth LLC lifted its position in MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the last quarter. Hollencrest Capital Management acquired a new stake in MongoDB in the third quarter valued at approximately $37,000. Westside Investment Management Inc. grew its holdings in MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares during the last quarter. Finally, Strategic Advocates LLC acquired a new position in shares of MongoDB during the third quarter worth $43,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Company Profile

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.