MongoDB (NASDAQ:MDB) Raised to “Buy” at Wall Street Zen

MongoDB (NASDAQ:MDB) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other research analysts also recently issued reports on MDB. Royal Bank Of Canada upped their target price on shares of MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. DA Davidson boosted their price objective on shares of MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. JMP Securities lifted their target price on MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a report on Friday, September 19th. Finally, Sanford C. Bernstein boosted their price target on MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $415.39.

MongoDB Trading Up 3.2%

Shares of NASDAQ:MDB opened at $409.62 on Friday. The stock has a fifty day simple moving average of $340.44 and a two-hundred day simple moving average of $274.95. MongoDB has a 12-month low of $140.78 and a 12-month high of $419.50. The stock has a market capitalization of $33.33 billion, a price-to-earnings ratio of -470.83 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last released 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. The firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, equities research analysts predict that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, 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 transaction of $271,666.29. Following the completion of the sale, the director owned 44,867 shares in the company, valued at approximately $14,632,474.71. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $410.00, for a total value of $1,640,000.00. Following the sale, the director directly owned 1,051,316 shares in the company, valued at $431,039,560. This trade represents a 0.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 94,172 shares of company stock worth $31,124,200. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MDB. LPL Financial LLC raised its stake in MongoDB by 30.4% during the first quarter. LPL Financial LLC now owns 47,830 shares of the company’s stock valued at $8,389,000 after purchasing an additional 11,160 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of MongoDB by 22.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the company’s stock worth $415,000 after buying an additional 435 shares during the last quarter. Vanguard Group Inc. raised its position in shares of MongoDB by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock valued at $1,369,833,000 after buying an additional 481,023 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in shares of MongoDB during the 1st quarter valued at about $779,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MongoDB by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 312,846 shares of the company’s stock valued at $54,873,000 after acquiring an additional 17,633 shares during the last quarter. 89.29% of the stock is 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.