Needham & Company LLC Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

MongoDB (NASDAQ:MDB) had its target price boosted by equities researchers at Needham & Company LLC from $480.00 to $500.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 18.82% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. The Goldman Sachs Group restated a “buy” rating and set a $475.00 price target on shares of MongoDB in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Rosenblatt Securities raised their price target on shares of MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $416.97.

MongoDB Stock Up 5.3%

Shares of NASDAQ MDB opened at $420.82 on Tuesday. The firm’s 50-day moving average price is $382.78 and its two-hundred day moving average price is $307.85. MongoDB has a 52-week low of $140.78 and a 52-week high of $440.67. The stock has a market capitalization of $34.25 billion, a P/E ratio of -483.70 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company earned $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 expect that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. The trade was a 5.75% 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, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,969 shares of company stock valued at $29,937,272 over the last three months. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming purchased a new stake in shares of MongoDB during the first quarter valued at $62,000. AQR Capital Management LLC raised its holdings in MongoDB by 12.3% during the 1st quarter. AQR Capital Management LLC now owns 41,678 shares of the company’s stock worth $7,198,000 after buying an additional 4,552 shares during the period. Integrated Wealth Concepts LLC lifted its stake in MongoDB by 31.6% during the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MongoDB by 10.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,219 shares of the company’s stock worth $8,634,000 after buying an additional 4,692 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after buying an additional 1,504 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.