Oppenheimer Has Lowered Expectations for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective cut by analysts at Oppenheimer from $490.00 to $425.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 18.38% from the company’s current price.

A number of other equities research analysts have also recently weighed in on MDB. Bank of America upped their price target on MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $500.00 price objective on shares of MongoDB in a research report on Tuesday, January 20th. BMO Capital Markets raised their target price on shares of MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. DA Davidson upped their price target on shares of MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley upped their target price on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $422.97.

MongoDB Trading Up 1.3%

Shares of MongoDB stock traded up $4.66 during trading hours on Wednesday, hitting $359.02. 97,330 shares of the company were exchanged, compared to its average volume of 1,551,491. The business has a 50-day moving average of $399.74 and a 200-day moving average of $344.45. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72. The stock has a market capitalization of $29.22 billion, a price-to-earnings ratio of -414.13 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. MongoDB’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm 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, research analysts anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the transaction, the chief accounting officer directly owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. The trade was a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,353 shares of company stock worth $25,440,798 in the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

Several hedge funds have recently added to or reduced their stakes in MDB. Evolve Private Wealth LLC bought a new stake in MongoDB during the fourth quarter worth approximately $591,000. Cinctive Capital Management LP acquired a new stake in shares of MongoDB in the fourth quarter valued at $6,469,000. Contour Asset Management LLC bought a new position in MongoDB during the fourth quarter valued at about $83,495,000. Avala Global LP grew its holdings in MongoDB by 8.9% during the fourth quarter. Avala Global LP now owns 299,166 shares of the company’s stock worth $125,557,000 after acquiring an additional 24,366 shares during the period. Finally, Ardsley Advisory Partners LP bought a new stake in MongoDB in the fourth quarter worth about $8,694,000. 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.