MongoDB (NASDAQ:MDB) Stock Price Expected to Rise, Truist Financial Analyst Says

MongoDB (NASDAQ:MDB) had its price objective increased by investment analysts at Truist Financial from $400.00 to $450.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 11.79% from the company’s current price.

A number of other research firms also recently commented on MDB. Macquarie lifted their target price on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday. BMO Capital Markets increased their price objective on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research note on Tuesday. DA Davidson boosted their target price on shares of MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Bank of America upped their price target on shares of MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $399.19.

MongoDB Trading Up 22.4%

Shares of NASDAQ:MDB traded up $73.67 on Tuesday, hitting $402.54. 5,215,384 shares of the company were exchanged, compared to its average volume of 2,345,448. The firm has a market capitalization of $32.75 billion, a P/E ratio of -413.10 and a beta of 1.45. MongoDB has a 1-year low of $140.78 and a 1-year high of $419.50. The stock’s 50 day moving average price is $333.51 and its 200 day moving average price is $268.89.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same quarter last year, the business posted $1.16 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS. FY 2026 guidance at 4.760-4.800 EPS. On average, equities analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. This represents a 38.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $320.15, for a total value of $8,003,750.00. Following the transaction, the director owned 1,079,316 shares in the company, valued at $345,543,017.40. This represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,173 shares of company stock worth $29,484,646 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in MongoDB by 5.0% during the third 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. increased its stake in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp raised its position in shares of MongoDB by 3.7% during the 3rd quarter. State Street Corp now owns 1,756,628 shares of the company’s stock worth $545,222,000 after purchasing an additional 63,434 shares during the last quarter. Amundi lifted its stake in MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after buying an additional 68,611 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.