MongoDB (NASDAQ:MDB) Stock Rating Upgraded by Zacks Research

MongoDB (NASDAQ:MDB) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on MDB. Piper Sandler restated an “overweight” rating and issued a $490.00 price objective (up previously from $400.00) on shares of MongoDB in a report on Tuesday. Canaccord Genuity Group boosted their price target on shares of MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research note on Tuesday. Macquarie upped their price objective on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday. Rosenblatt Securities lifted their target price on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday. Finally, UBS Group upped their price target on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $415.39.

MongoDB Stock Down 2.3%

NASDAQ:MDB opened at $396.73 on Wednesday. MongoDB has a 52 week low of $140.78 and a 52 week high of $419.50. The stock’s fifty day moving average is $338.61 and its two-hundred day moving average is $272.19. The stock has a market capitalization of $32.28 billion, a price-to-earnings ratio of -456.01 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, sell-side analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This represents a 38.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction dated 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 transaction, 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. Over the last 90 days, insiders sold 95,172 shares of company stock worth $31,450,450. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its stake in shares of MongoDB by 23.1% in the third quarter. Allworth Financial LP now owns 1,167 shares of the company’s stock valued at $362,000 after purchasing an additional 219 shares during the period. Swiss Life Asset Management Ltd grew its position in MongoDB by 33.1% during the third quarter. Swiss Life Asset Management Ltd now owns 8,264 shares of the company’s stock worth $2,565,000 after buying an additional 2,056 shares during the period. Cambria Investment Management L.P. increased its holdings in MongoDB by 1.5% in the third quarter. Cambria Investment Management L.P. now owns 7,050 shares of the company’s stock valued at $2,188,000 after buying an additional 102 shares in the last quarter. Strategic Advocates LLC purchased a new position in MongoDB in the third quarter valued at about $43,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of MongoDB during the 3rd quarter valued at approximately $909,000. 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.