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

MongoDB (NASDAQ:MDB) had its price objective cut by analysts at Oppenheimer from $425.00 to $375.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 15.38% from the company’s previous close.

A number of other brokerages also recently weighed in on MDB. Canaccord Genuity Group boosted their price objective on shares of MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Morgan Stanley upped their target price on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Scotiabank dropped their price target on MongoDB from $415.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Monness Crespi & Hardt reduced their price objective on MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $390.73.

MongoDB Stock Down 1.1%

Shares of NASDAQ MDB opened at $325.01 on Tuesday. MongoDB has a 52-week low of $140.78 and a 52-week high of $444.72. The stock has a market capitalization of $26.45 billion, a P/E ratio of -373.57 and a beta of 1.40. The stock’s 50 day moving average price is $383.23 and its two-hundred day moving average price is $351.77.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm had revenue of $695.07 million for the quarter, compared to analysts’ expectations of $669.40 million. During the same period last year, the business posted $1.28 earnings per share. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’s 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 approximately $10,824,249.15. The trade was a 5.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the sale, the director directly owned 1,041,316 shares of the company’s stock, valued at approximately $435,093,064.28. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 57,354 shares of company stock worth $23,474,994. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MDB. Mirae Asset Global Investments Co. Ltd. grew its stake in MongoDB by 1,277.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after buying an additional 16,896 shares during the last quarter. Pacer Advisors Inc. lifted its position in MongoDB by 209.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after acquiring an additional 3,077 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of MongoDB by 42.1% in the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after purchasing an additional 39,978 shares during the last quarter. Pinegrove Venture Partners LLC bought a new position in shares of MongoDB in the third quarter worth about $1,032,000. Finally, Rakuten Investment Management Inc. acquired a new position in shares of MongoDB during the 3rd quarter worth about $40,014,000. Institutional investors own 89.29% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 beat on both revenue and EPS with robust customer additions and Atlas growth, underpinning the company’s traction in cloud database adoption. MongoDB, Inc. Announces Fourth Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Analyst support remains: Rosenblatt reaffirmed a “buy” and a $425 price target, signaling some firms view the post-earnings sell-off as an overreaction. Benzinga
• Neutral Sentiment: Management outlined fiscal‑2027 Atlas revenue growth of 21%–23% and said it will expand enterprise focus and AI integration — a roadmap that shows continued growth but may lack the acceleration investors wanted. MongoDB outlines 21%-23% Atlas revenue growth for fiscal 2027 while expanding enterprise focus and AI integration
• Neutral Sentiment: Earnings call highlights and the transcript emphasize strong revenue growth and record deal activity but note AI execution challenges and leadership transitions — useful context but mixed for near-term sentiment. MongoDB Inc (MDB) (Q4 2026) Earnings Call Highlights: Strong Revenue Growth and Record Deals …
• Negative Sentiment: After the release, the stock plunged on a weak near-term outlook (Q1/forward commentary) that disappointed investors expecting stronger guidance, triggering heavy selling. MongoDB Shares Plunge 24% on Weak Q1 Outlook and Executive Departures
• Negative Sentiment: Multiple outlets characterize the move as a crash driven by mixed guidance and an executive shakeup, amplifying investor concern about execution risk and near-term cadence. MongoDB crashes amid mixed guidance, executive shakeup

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.