MongoDB (NASDAQ:MDB) Price Target Raised to $415.00 at DA Davidson

MongoDB (NASDAQ:MDB) had its price objective hoisted by research analysts at DA Davidson from $365.00 to $415.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 17.51% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Guggenheim increased their target price on MongoDB from $310.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Stephens started coverage on MongoDB in a report on Friday, July 18th. They set an “equal weight” rating and a $247.00 target price on the stock. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Wolfe Research raised their price target on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Finally, Truist Financial raised their price target on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $352.89.

MongoDB Trading Down 4.3%

NASDAQ MDB traded down $15.90 during mid-day trading on Tuesday, reaching $353.16. 1,028,147 shares of the company’s stock traded hands, compared to its average volume of 2,384,119. MongoDB has a 1-year low of $140.78 and a 1-year high of $385.44. The company has a fifty day simple moving average of $322.51 and a 200-day simple moving average of $245.00. The company has a market cap of $28.73 billion, a price-to-earnings ratio of -360.77 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. During the same quarter last year, the business earned $0.70 EPS. MongoDB’s revenue for the quarter was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities research analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the transaction, the director directly owned 24,308 shares in the company, valued at approximately $7,971,322.44. This trade represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 33,320 shares of MongoDB stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $301.29, for a total value of $10,038,982.80. Following the transaction, the chief executive officer owned 203,237 shares in the company, valued at approximately $61,233,275.73. This trade represents a 14.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 107,493 shares of company stock worth $33,830,023 in the last quarter. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in MongoDB during the first quarter worth approximately $26,000. Cullen Frost Bankers Inc. lifted its position in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the period. Montag A & Associates Inc. lifted its position in MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares during the period. Promus Capital LLC acquired a new position in MongoDB during the second quarter worth $36,000. Finally, TD Private Client Wealth LLC raised its stake in MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.