MongoDB (NASDAQ:MDB) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of MongoDB (NASDAQ:MDB) from a buy rating to a hold rating in a report published on Saturday morning.

Other equities analysts have also issued research reports about the stock. DA Davidson boosted their target price on shares of MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Morgan Stanley boosted their price objective on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Robert W. Baird raised their target price on MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Canaccord Genuity Group lifted their target price on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, Rosenblatt Securities boosted their price target on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $422.29.

MongoDB Price Performance

Shares of MDB opened at $357.77 on Friday. The business has a 50-day moving average of $404.88 and a 200-day moving average of $339.10. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of -411.23 and a beta of 1.38. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. The trade was a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,190 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the transaction, the director owned 80,462 shares in the company, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 78,353 shares of company stock worth $31,060,758. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clark Financial Services Group Inc. BD grew its holdings in shares of MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after acquiring an additional 25 shares in the last quarter. True Wealth Design LLC grew its stake in MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares during the period. HighPoint Advisor Group LLC grew its stake in MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock valued at $626,000 after purchasing an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased 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 last quarter. Finally, Whittier Trust Co. raised its stake in shares of MongoDB by 4.3% during the 4th quarter. Whittier Trust Co. now owns 976 shares of the company’s stock worth $425,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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.