UBS Group Cuts MongoDB (NASDAQ:MDB) Price Target to $410.00

MongoDB (NASDAQ:MDB) had its price objective cut by UBS Group from $460.00 to $410.00 in a research report report published on Wednesday morning, Marketbeat.com reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. Bank of America lifted their target price on shares of MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Cantor Fitzgerald increased their price target on shares of MongoDB from $416.00 to $540.00 and gave the company an “overweight” rating in a report on Monday, August 31st. Wells Fargo & Company raised their price target on shares of MongoDB from $375.00 to $475.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Barclays boosted their price objective on shares of MongoDB from $460.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Rosenblatt Securities upped their price objective on MongoDB from $395.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $471.81.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $368.74 on Wednesday. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10. The business has a fifty day moving average price of $374.27 and a 200-day moving average price of $322.83. The company has a market capitalization of $29.66 billion, a PE ratio of 519.35, a PEG ratio of 52.65 and a beta of 1.58.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the previous year, the business posted $1.00 EPS. MongoDB’s revenue was up 30.5% compared to the same quarter last year. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, sell-side analysts anticipate that MongoDB will post 0.37 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Michael Berry sold 5,000 shares of MongoDB stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. The trade was a 76.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the director directly owned 29,326 shares of the company’s stock, valued at $10,264,100. The trade was a 3.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,696 shares of company stock valued at $16,098,655 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in shares of MongoDB by 27.1% in the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock worth $60,000 after acquiring an additional 38 shares during the period. Corient Private Wealth LP lifted its holdings in MongoDB by 27.3% in the second quarter. Corient Private Wealth LP now owns 45,298 shares of the company’s stock valued at $15,216,000 after acquiring an additional 9,702 shares during the period. California State Teachers Retirement System lifted its holdings in MongoDB by 32,986.4% in the second quarter. California State Teachers Retirement System now owns 39,528,376 shares of the company’s stock valued at $13,277,581,000 after acquiring an additional 39,408,906 shares during the period. Wedmont Private Capital boosted its position in MongoDB by 13.4% in the second quarter. Wedmont Private Capital now owns 1,068 shares of the company’s stock worth $365,000 after purchasing an additional 126 shares during the last quarter. Finally, Herbst Group LLC purchased a new position in MongoDB in the second quarter worth about $202,000. 89.29% of the stock is owned by institutional investors.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several analysts remain constructive. Guggenheim, DA Davidson, Needham, Bernstein, Morgan Stanley, and Citizens JMP maintained or assigned positive ratings, while Barclays raised its price target to $480 and Mizuho increased its target to $460. Goldman Sachs, Scotiabank, and Rosenblatt also forecast further appreciation. Barclays Raises MongoDB Price Target
• Positive Sentiment: The latest results showed strong underlying momentum, including 30.5% revenue growth, higher earnings than expected, improved margins, and continued investor interest in the company’s long-term cloud database opportunity. MongoDB’s Spending Fears Collide With a Much Stronger Growth Story
• Neutral Sentiment: MongoDB announced presentations at three upcoming investor conferences, including the Citi 2026 Global TMT Conference. These events could provide additional commentary on Atlas demand, AI products, spending, and the company’s growth outlook. MongoDB to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is that MongoDB missed at least one closely watched growth metric, causing investors to punish the stock despite the headline earnings beat. Concerns about elevated valuation, spending, and delayed Atlas growth have outweighed the favorable analyst commentary. MongoDB Missed One Number and Investors Punished the Stock
• Negative Sentiment: UBS and BMO lowered their expectations, and at least one analyst downgrade contributed to the shares’ gap lower. The mixed rating activity indicates that investors are becoming more selective about MongoDB’s near-term growth trajectory. MongoDB Shares Gap Down on Analyst Downgrade

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.