MongoDB (NASDAQ:MDB) Trading Up 7.1% After Analyst Upgrade

MongoDB, Inc. (NASDAQ:MDB) rose 7.1% during trading on Thursday after Scotiabank upgraded the stock from a sector perform rating to a sector outperform rating. Scotiabank now has a $310.00 price target on the stock, up from their previous price target of $275.00. MongoDB traded as high as $268.77 and last traded at $265.67. Approximately 1,333,115 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 2,006,735 shares. The stock had previously closed at $248.01.

Several other brokerages have also recently commented on MDB. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Stifel Nicolaus lowered their price target on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC cut their price target on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets restated an “outperform” rating and issued a $340.00 price objective on shares of MongoDB in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.18.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 555 shares of the company’s 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 transaction, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. This represents a 4.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the sale, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,354 shares of company stock worth $23,474,994. 3.10% of the stock is owned by corporate insiders.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Scotiabank upgraded MDB to “sector outperform” and raised its price target to $310 (from $275), signaling buy-side interest after the recent drop. Scotiabank upgrade (Benzinga)
• Positive Sentiment: Several firms reaffirmed or kept bullish ratings despite cuts to targets — e.g., Citigroup set a $400 target and Rosenblatt reaffirmed a buy — supporting demand from longer‑term holders. Citigroup $400 target
• Neutral Sentiment: Unusually heavy options activity: huge spikes in both call (≈36,130) and put (≈23,831) volume — suggests traders are positioning for big moves or hedging, increasing near‑term volatility but ambiguous directional signal.
• Neutral Sentiment: Management and investor outreach: MongoDB presented at the Morgan Stanley TMT conference (management visibility can help clarify guidance and sell‑side assumptions). Morgan Stanley presentation transcript (Seeking Alpha)
• Negative Sentiment: FY27 guidance and management shakeup drove the initial selloff: despite Q4 revenue/EPS beats and Atlas growth, management issued muted near‑term profit guidance and announced go‑to‑market leadership changes, which spooked investors and triggered a sharp drop. Guidance miss / stock plunge (Reuters)
• Negative Sentiment: Multiple analysts cut price targets or lowered expectations (UBS, Canaccord, Goldman trimmed targets; Barclays and others issued cautious notes), increasing short‑term selling pressure and analyst uncertainty. Analyst target changes summary (AmericanBankingNews)

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after purchasing an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. boosted its holdings in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. State Street Corp grew its position in MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after acquiring an additional 40,219 shares during the last quarter. Amundi raised its position in MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in MongoDB by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after purchasing an additional 9,693 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Up 6.8%

The stock has a market capitalization of $21.56 billion, a price-to-earnings ratio of -301.05 and a beta of 1.40. The stock has a 50 day moving average price of $375.80 and a 200 day moving average price of $351.28.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same quarter last year, the business earned $1.28 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.