MongoDB (NASDAQ:MDB) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of MongoDB (NASDAQ:MDB) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

MDB has been the subject of a number of other reports. Truist Financial dropped their price objective on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Macquarie Infrastructure increased their target price on MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Rosenblatt Securities reissued a “buy” rating and set a $425.00 price target on shares of MongoDB in a research report on Monday, March 2nd. Guggenheim reissued a “buy” rating and issued a $475.00 price target on shares of MongoDB in a report on Tuesday, March 3rd. Finally, Bank of America restated a “buy” rating on shares of MongoDB in a research report on Tuesday, March 3rd. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $360.03.

MongoDB Stock Up 1.9%

MongoDB stock opened at $249.36 on Tuesday. The firm has a market capitalization of $20.04 billion, a PE ratio of -283.36 and a beta of 1.40. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72. The firm’s 50-day simple moving average is $314.65 and its 200 day simple moving average is $347.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same period last year, the firm posted $1.28 EPS. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, research analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $407.70, for a total value of $4,077,000.00. Following the sale, the director directly owned 1,031,316 shares of the company’s stock, valued at approximately $420,467,533.20. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 19,383 shares of company stock worth $7,910,983. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its holdings in shares of MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of MongoDB in the 2nd quarter worth $329,000. Prudential Financial Inc. boosted its holdings in MongoDB by 114.8% in the second quarter. Prudential Financial Inc. now owns 5,826 shares of the company’s stock valued at $1,223,000 after acquiring an additional 3,114 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in MongoDB by 251.4% in the second quarter. Advisors Asset Management Inc. now owns 1,279 shares of the company’s stock valued at $269,000 after acquiring an additional 915 shares during the last quarter. 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: Unusually large call buying: traders purchased roughly 36,130 call options (about +2,077% vs. average), signaling sizable bullish/speculative interest that can fuel short-term upside or squeeze dynamics. Traders Buy High Volume of MongoDB Call Options
• Positive Sentiment: Bullish analysis: Seeking Alpha published a piece arguing a “growth surprise is coming,” which could support investor optimism if MongoDB delivers stronger revenue/ARR momentum than current expectations. MongoDB: Growth Surprise Is Coming
• Neutral Sentiment: Mixed, heavy options flow: alongside big call volume, traders also bought ~23,831 put options (+2,157% vs. average). The concurrent surge in both calls and puts points to elevated volatility and hedging/speculation rather than a clear directional consensus.
• Neutral Sentiment: Broad market/coverage tracking: major outlets (CNN Markets) are flagging MongoDB stock pages and coverage, reflecting continued investor attention but not a new fundamental signal. MongoDB, Inc. Class A – CNN
• Negative Sentiment: Zacks downgrade to “strong sell”: Zacks Research moved MDB from “hold” to “strong sell,” a visible analyst bearish signal that can pressure sentiment and trigger selling by model/quant strategies. Zacks.com
• Negative Sentiment: Post‑earnings weakness flagged: coverage from Yahoo/Zacks notes MDB is down since its last earnings report, keeping focus on whether upcoming guidance or execution will reverse the recent weakness. MongoDB (MDB) Down 3.2% Since Last Earnings Report: Can It Rebound?

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.