MongoDB (NASDAQ:MDB) Given New $330.00 Price Target at Piper Sandler

MongoDB (NASDAQ:MDB) had its price objective decreased by research analysts at Piper Sandler from $490.00 to $330.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 27.11% from the company’s previous close.

MDB has been the subject of a number of other reports. Monness Crespi & Hardt reduced their target price on shares of MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a research note on Tuesday. Wedbush dropped their price target on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday. Bank of America reiterated a “buy” rating on shares of MongoDB in a research note on Tuesday. Guggenheim restated a “buy” rating and set a $475.00 price objective on shares of MongoDB in a report on Tuesday. Finally, Morgan Stanley boosted their price target on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $365.24.

MongoDB Stock Down 20.1%

NASDAQ MDB traded down $65.39 during trading on Tuesday, reaching $259.62. 8,732,862 shares of the stock traded hands, compared to its average volume of 1,890,417. The stock’s 50-day moving average price is $383.23 and its 200 day moving average price is $351.77. The firm has a market cap of $21.13 billion, a price-to-earnings ratio of -298.41 and a beta of 1.40. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The company had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same quarter in the previous year, the business earned $1.28 EPS. The firm’s revenue was up 26.8% on a year-over-year basis. Analysts anticipate 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 1,190 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the transaction, the director directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the firm’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 transaction, 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 SEC filing for this sale provides additional information. Insiders have sold 57,354 shares of company stock worth $23,474,994 in the last ninety days. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Large investors have recently bought and sold shares of the business. Bank of Hawaii boosted its position in shares of MongoDB by 1.8% in the 4th quarter. Bank of Hawaii now owns 4,012 shares of the company’s stock worth $1,684,000 after purchasing an additional 72 shares during the last quarter. Reflection Asset Management bought a new stake in MongoDB during the 4th quarter worth about $66,000. Sankala Group LLC acquired a new position in shares of MongoDB during the 4th quarter worth approximately $73,000. Pacer Advisors Inc. grew its position in shares of MongoDB by 78.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,118 shares of the company’s stock valued at $3,407,000 after acquiring an additional 3,569 shares during the period. Finally, Virtu Financial LLC raised its stake in MongoDB by 273.7% in the 4th quarter. Virtu Financial LLC now owns 9,399 shares of the company’s stock valued at $3,944,000 after acquiring an additional 6,884 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 beat and strong growth: MongoDB reported FQ4 revenue of $695.1M (up ~27% YoY) and EPS of $1.65, above expectations; Atlas growth and customer adds remain robust, supporting the multi‑year growth story. Press Release: FQ4 Results
• Positive Sentiment: Solid full‑year outlook: Management raised FY2027 EPS guidance materially (5.75–5.93 vs. consensus ~3.41) and gave a full‑year revenue target near $2.9B — a signal that company expects stronger annual performance despite a weaker Q1 outlook. Earnings Presentation / Release
• Neutral Sentiment: Some analysts reaffirm conviction: Guggenheim reaffirmed a “buy” with a $475 target, signaling that some firms still view MDB as a long‑term grower despite the pullback. Benzinga: Guggenheim Reaffirmed
• Neutral Sentiment: Market commentary sees a dip-buy case: Several outlets framed the sell‑off as an overreaction given underlying growth and improving margins, suggesting potential buying opportunities for longer‑term investors. MarketBeat: Buying Opportunity
• Negative Sentiment: Weak near‑term guidance (Q1) — the main catalyst: MongoDB guided Q1 EPS and revenue below street consensus (Q1 EPS guide ~1.15–1.19 vs. consensus ~0.64 on one report, but the company’s Q1 revenue band was slightly below expectations in other summaries), which investors treated as a “guidance whiff” and a reason to sell into the print. Schaeffer Research: Guidance Whiff
• Negative Sentiment: Executive departures: The unexpected exits in senior go‑to‑market roles (President of Field Operations and CRO) heightened investor concern about near‑term sales execution and contributed to the sell‑off. Blockonomi: Exec Departures
• Negative Sentiment: Widespread price‑target cuts: Multiple brokers (Wells Fargo, Barclays, Wedbush, Cantor Fitzgerald, Oppenheimer, RBC, Mizuho, Scotiabank, Truist and others) lowered targets — many still rate MDB overweight/outperform but trimmed targets — adding selling pressure and indicating analysts are reassessing near‑term assumptions. MarketScreener: Analyst Target Changes

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.