MongoDB (NASDAQ:MDB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MongoDB (NASDAQ:MDB) from a hold rating to a buy rating in a report issued on Sunday.

Several other brokerages have also weighed in on MDB. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a report on Monday, January 5th. Guggenheim boosted their price target on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Needham & Company LLC restated a “buy” rating and set a $500.00 price objective on shares of MongoDB in a research note on Tuesday, January 20th. Raymond James Financial initiated coverage on shares of MongoDB in a report on Monday, December 15th. They issued a “market perform” rating for the company. Finally, Citizens Jmp increased their target price on shares of MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $423.73.

MongoDB Stock Down 3.8%

MDB stock opened at $354.36 on Friday. The stock’s 50 day moving average is $399.74 and its two-hundred day moving average is $344.45. MongoDB has a 52-week low of $140.78 and a 52-week high of $444.72. The company has a market capitalization of $28.84 billion, a PE ratio of -407.31 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, sell-side analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the transaction, the director owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,353 shares of company stock valued at $25,440,798 in the last quarter. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MDB. Schonfeld Strategic Advisors LLC raised its position in shares of MongoDB by 53.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 79,562 shares of the company’s stock worth $33,391,000 after purchasing an additional 27,725 shares during the period. Integrated Advisors Network LLC increased its stake in MongoDB by 8.2% in the 4th quarter. Integrated Advisors Network LLC now owns 1,148 shares of the company’s stock worth $482,000 after purchasing an additional 87 shares in the last quarter. Polar Asset Management Partners Inc. raised its holdings in MongoDB by 50.6% during the 4th quarter. Polar Asset Management Partners Inc. now owns 4,761 shares of the company’s stock worth $1,998,000 after buying an additional 1,600 shares during the period. Cetera Investment Advisers lifted its stake in MongoDB by 35.1% during the fourth quarter. Cetera Investment Advisers now owns 19,388 shares of the company’s stock valued at $8,137,000 after buying an additional 5,039 shares in the last quarter. Finally, Defiance ETFs LLC acquired a new position in shares of MongoDB in the fourth quarter worth about $39,362,000. Institutional investors own 89.29% of the company’s stock.

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.