MongoDB (NASDAQ:MDB) Hits New 12-Month High – What’s Next?

MongoDB, Inc. (NASDAQ:MDB) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $437.31 and last traded at $435.5680, with a volume of 81628 shares trading hands. The stock had previously closed at $430.64.

Wall Street Analyst Weigh In

MDB has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. JMP Securities raised their target price on shares of MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a report on Friday, September 19th. Truist Financial lifted their target price on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. BMO Capital Markets increased their price target on MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, Citigroup raised their price target on MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $414.97.

MongoDB Price Performance

The company’s 50-day simple moving average is $365.22 and its two-hundred day simple moving average is $294.21. The firm has a market capitalization of $35.58 billion, a P/E ratio of -502.45 and a beta of 1.45.

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

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 555 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the sale, the chief accounting officer directly owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This represents a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the sale, the director owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. The trade was a 0.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 79,969 shares of company stock valued at $29,937,272. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Huntington National Bank lifted its stake in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares in the last quarter. Montag A & Associates Inc. increased its stake in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after buying an additional 101 shares in the last quarter. Promus Capital LLC bought a new stake in MongoDB during the second quarter valued at about $36,000. TD Private Client Wealth LLC raised its holdings in MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the period. Finally, Hollencrest Capital Management purchased a new position in shares of MongoDB in the third quarter valued at about $37,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

About MongoDB

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.