Cantor Fitzgerald Cuts MongoDB (NASDAQ:MDB) Price Target to $378.00

MongoDB (NASDAQ:MDB) had its price target reduced by Cantor Fitzgerald from $454.00 to $378.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on MDB. Mizuho reduced their price objective on shares of MongoDB from $380.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday. DA Davidson cut their target price on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Bank of America increased their price target on MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 29th. Finally, Robert W. Baird restated a “neutral” rating and issued a $260.00 price objective (down from $500.00) on shares of MongoDB in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $354.18.

MongoDB Trading Up 6.4%

NASDAQ MDB opened at $263.93 on Tuesday. The business has a fifty day simple moving average of $372.37 and a 200 day simple moving average of $350.67. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72. The firm has a market capitalization of $21.48 billion, a P/E ratio of -299.92, a PEG ratio of 1,462.32 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 EPS. As a group, sell-side analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. The trade was a 5.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $229,692.30. Following the sale, the chief accounting officer directly owned 10,784 shares in the company, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,504 shares of company stock worth $13,389,622 over the last ninety days. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of the business. ValueAct Holdings L.P. boosted its holdings in MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after buying an additional 1,427,700 shares during the period. Norges Bank bought a new stake in MongoDB during the 4th quarter valued at $574,821,000. AQR Capital Management LLC lifted its position in shares of MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after acquiring an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of MongoDB by 162.1% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after acquiring an additional 852,540 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after acquiring an additional 744,547 shares during the period. Institutional investors own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company expands AI capabilities — MongoDB announced new embedding models, vector search tools and APIs in Atlas to simplify building AI apps, a product push that supports long‑term revenue mix and Atlas adoption. MongoDB Expands AI Capabilities
• Positive Sentiment: Analyst upgrade — Scotiabank raised MDB from “sector perform” to “sector outperform” and lifted its price target to $310, signaling research confidence from at least one regional bank. Scotiabank Upgrade (Benzinga)
• Positive Sentiment: High price targets / buy ratings remain from several firms — Citigroup set a $400 PT and Rosenblatt reaffirmed a Buy rating, showing pockets of analyst conviction above current levels. Citigroup $400 PT
• Neutral Sentiment: Unusual options flow — Extremely large volumes of both calls (~36,130) and puts (~23,831) were traded, indicating speculative positioning and increased short‑term volatility rather than a clear directional bet.
• Neutral Sentiment: Mixed analyst target moves — A few shops trimmed targets (e.g., Canaccord to $375, UBS to $275) while others kept higher targets; the net effect is increased dispersion in expectations. Canaccord PT Cut UBS PT Cut
• Negative Sentiment: Guidance disappointed — Q4 results beat on revenue and EPS, but fiscal‑2027 guidance still implies operating losses (and management changes were announced), which triggered the prior session’s heavy selloff. Why MDB Is Down 19.1%
• Negative Sentiment: Downgrades and cautious notes — Zacks moved MDB from “strong‑buy” to “hold” and several firms expressed more conservative outlooks, adding pressure after the guidance miss. Zacks Downgrade
• Negative Sentiment: Analyst pessimism reported — Barclays and Monness issued more negative commentary/forecasts that contributed to the recent gap down and investor caution. Barclays Pessimistic Forecast Monness Notes

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.