MongoDB (NASDAQ:MDB) Price Target Raised to $500.00

MongoDB (NASDAQ:MDB) had its price objective upped by Robert W. Baird from $335.00 to $500.00 in a report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also issued reports on the company. Canaccord Genuity Group increased their target price on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company increased their price target on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley raised their price objective on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Rosenblatt Securities lifted their price objective on shares of MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $415.39.

MongoDB Stock Performance

NASDAQ:MDB opened at $396.73 on Tuesday. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $419.50. The company has a 50 day moving average price of $338.61 and a 200 day moving average price of $272.19. The stock has a market capitalization of $32.28 billion, a P/E ratio of -456.01 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last announced 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 company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the previous year, the company earned $1.16 earnings per share. The firm’s quarterly 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. Research analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

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

Institutional Trading of MongoDB

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

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.