MongoDB (NASDAQ:MDB) Price Target Raised to $385.00

MongoDB (NASDAQ:MDB) had its price target raised by Macquarie from $305.00 to $385.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Needham & Company LLC upped their price objective on shares of MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America raised their price target on MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank Of Canada raised their price objective on shares of MongoDB from $405.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday. Canaccord Genuity Group upped their price objective on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup reiterated an “outperform” rating on shares of MongoDB in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $415.39.

MongoDB Stock Performance

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

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.79 by $0.53. The firm had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Sell-side analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In other news, Director Peter Thomas Killalea sold 20,000 shares of MongoDB stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the transaction, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. The trade was a 38.25% decrease in their position. 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 the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the sale, the director directly owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This represents a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,172 shares of company stock worth $31,450,450 in the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of MongoDB by 3.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after purchasing an additional 40 shares during the period. Brooklyn Investment Group increased its stake in MongoDB by 7.4% in the 3rd quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock worth $211,000 after buying an additional 47 shares in the last quarter. Huntington National Bank raised its holdings in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. GAMMA Investing LLC lifted its holdings in MongoDB by 46.2% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after purchasing an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares in 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.