MongoDB’s (MDB) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of MongoDB (NASDAQ:MDB) in a research note released on Monday,Benzinga reports. Needham & Company LLC currently has a $500.00 price target on the stock.

Several other equities research analysts also recently issued reports on MDB. Scotiabank boosted their price objective on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 2nd. Rosenblatt Securities upped their price target on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Bank of America increased their price target on MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Zacks Research raised MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, Morgan Stanley upped their target price on MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $420.26.

MongoDB Stock Down 5.9%

Shares of NASDAQ MDB opened at $386.89 on Monday. The stock has a market capitalization of $31.49 billion, a PE ratio of -444.70 and a beta of 1.38. The firm has a fifty day moving average of $391.87 and a 200-day moving average of $317.41. MongoDB has a 52-week low of $140.78 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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. The firm had revenue of $628.31 million during 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 firm’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 earnings per share. 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 fiscal year.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 555 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the transaction, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 65,023 shares of company stock worth $25,358,427. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Several large investors have recently added to or reduced their stakes in MDB. Parallel Advisors LLC increased its stake in MongoDB by 20.0% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after acquiring an additional 249 shares during the period. Pacer Advisors Inc. grew its holdings in shares of MongoDB by 209.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after purchasing an additional 3,077 shares in the last quarter. Red Spruce Capital LLC increased its position in shares of MongoDB by 11.8% during the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,426 shares during the period. Triton Financial Group Inc acquired a new position in shares of MongoDB in the second quarter valued at $782,000. Finally, Nordea Investment Management AB lifted its position in MongoDB by 11.7% in the second quarter. Nordea Investment Management AB now owns 13,389 shares of the company’s stock worth $2,814,000 after purchasing an additional 1,404 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

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.