Scotiabank Lowers MongoDB (NASDAQ:MDB) Price Target to $275.00

MongoDB (NASDAQ:MDB) had its price target lowered by equities research analysts at Scotiabank from $415.00 to $275.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 10.88% from the company’s previous close.

A number of other equities research analysts also recently weighed in on MDB. BMO Capital Markets restated an “outperform” rating and issued a $340.00 target price on shares of MongoDB in a research report on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $490.00 target price (up from $400.00) on shares of MongoDB in a research note on Tuesday, December 2nd. Oppenheimer lowered their target price on MongoDB from $490.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Stifel Nicolaus boosted their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Argus raised their price objective on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.12.

MongoDB Stock Down 1.9%

MDB stock opened at $248.01 on Tuesday. The company has a 50-day simple moving average of $375.80 and a 200 day simple moving average of $351.28. The company has a market capitalization of $20.19 billion, a P/E ratio of -281.83 and a beta of 1.40. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. Equities analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Activity

In other news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the sale, the director owned 25,659 shares in the company, valued at $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This represents a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,354 shares of company stock valued at $23,474,994 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of MDB. Cornerstone Planning Group LLC raised its position in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares during the period. Central Pacific Bank Trust Division acquired a new stake in MongoDB during the 4th quarter worth about $28,000. Huntington National Bank grew its stake in 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 acquiring an additional 51 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at about $33,000. Finally, Montag A & Associates Inc. increased its holdings in shares of MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

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

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.