Brokerages Set MongoDB, Inc. (NASDAQ:MDB) Price Target at $415.39

Shares of MongoDB, Inc. (NASDAQ:MDB) have been assigned a consensus recommendation of “Moderate Buy” from the forty-two brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, thirty have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $415.3889.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Citizens Jmp upped their target price on shares of MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 2nd. DA Davidson raised their price target on shares of MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Morgan Stanley lifted their price objective on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Cantor Fitzgerald increased their target price on MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd.

MongoDB Stock Down 0.7%

Shares of MDB opened at $416.00 on Thursday. The stock’s 50-day moving average price is $352.38 and its 200 day moving average price is $284.72. The firm has a market capitalization of $33.86 billion, a price-to-earnings ratio of -478.16 and a beta of 1.45. MongoDB has a 12-month low of $140.78 and a 12-month high of $432.55.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million for 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%.MongoDB’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm 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. Equities research analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 25,000 shares of MongoDB stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the company’s 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 sale, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 119,577 shares of company stock valued at $41,439,265. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MDB. PNC Financial Services Group Inc. increased its holdings in MongoDB by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the company’s stock valued at $415,000 after purchasing an additional 435 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MongoDB by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 312,846 shares of the company’s stock worth $54,873,000 after purchasing an additional 17,633 shares during the last quarter. Nuveen LLC acquired a new stake in shares of MongoDB in the first quarter valued at $42,890,000. HighTower Advisors LLC increased its stake in shares of MongoDB by 4.0% in the first quarter. HighTower Advisors LLC now owns 19,520 shares of the company’s stock valued at $3,424,000 after buying an additional 747 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its holdings in shares of MongoDB by 6.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 22,088 shares of the company’s stock valued at $3,881,000 after buying an additional 1,243 shares during the last quarter. Institutional investors 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.