Royal Bank Of Canada Lowers MongoDB (NASDAQ:MDB) Price Target to $395.00

MongoDB (NASDAQ:MDB) had its target price lowered by analysts at Royal Bank Of Canada from $500.00 to $395.00 in a report issued on Tuesday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 59.27% from the stock’s current price.

MDB has been the subject of a number of other research reports. Cantor Fitzgerald reduced their price objective on MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a research report on Tuesday. Raymond James Financial initiated coverage on MongoDB in a research note on Monday, December 15th. They issued a “market perform” rating on the stock. Barclays lifted their price target on MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. Finally, Robert W. Baird restated a “neutral” rating and set a $260.00 price objective (down from $500.00) on shares of MongoDB in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $353.12.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $248.01 on Tuesday. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72. The firm has a 50-day moving average of $375.80 and a 200 day moving average of $351.28. The stock has a market cap of $20.19 billion, a P/E ratio of -281.83 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million for the quarter, compared to analysts’ expectations of $669.40 million. During the same quarter in the prior year, the company earned $1.28 earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. Research analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were 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 of the company’s stock, valued at $435,093,064.28. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 10,784 shares of the company’s stock, valued at $4,463,066.24. The trade was a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,354 shares of company stock worth $23,474,994 over the last quarter. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of 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 worth $702,000 after acquiring an additional 25 shares during the period. Root Financial Partners LLC boosted its position in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the last quarter. True Wealth Design LLC grew its stake in shares of MongoDB by 9.4% during 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 increased its position in shares of MongoDB by 2.5% during 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 last quarter. Finally, Lido Advisors LLC increased its position in shares of MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after purchasing an additional 36 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 results beat consensus — revenue and EPS exceeded estimates and Atlas contributed ~72% of quarterly revenue, showing continued top-line strength and improving margins. This supports the long-term growth narrative for MongoDB. Article Title
• Positive Sentiment: Full-year FY27 guidance was framed as stronger than the quarter’s cautious Q1 guide — management expects FY27 revenue and EPS growth above consensus, which could support upside later in the year if execution matches commentary. Article Title
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference (transcript available) — useful for incremental color on go-to-market and AI strategy but not a market-moving surprise on its own. Article Title
• Neutral Sentiment: Analyst buy ratings remain in place at several firms (Guggenheim, Rosenblatt, Citi, others) despite cuts to price targets — indicates many sell-side shops still see upside versus the current depressed level, though timelines vary. Article Title
• Negative Sentiment: Weak near-term guidance and profit outlook sent shares sharply lower — the Q1 guidance and conservative short-term profit outlook were the immediate catalyst for a large sell-off as investors repriced growth/timing of AI-related revenue. Article Title
• Negative Sentiment: Executive departures (sales leadership changes) heightened uncertainty — management turnover amplified investor concern about near-term commercial execution. Coverage summarized at MarketBeat and Seeking Alpha. Article Title
• Negative Sentiment: Wide wave of analyst price-target cuts — numerous firms trimmed targets (UBS, Canaccord, Piper, Oppenheimer, Mizuho, others) which increases downward pressure and reduces conviction among short-term holders even where ratings were maintained. Representative coverage: Benzinga summaries of PT moves. Article Title
• Negative Sentiment: Downgrades/holding calls (e.g., Zacks moved to “hold”, Baird neutral) add to selling momentum from momentum traders and funds that track ratings/flows. Article Title

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.