MongoDB (NASDAQ:MDB) Given New $435.00 Price Target at Citizens Jmp

MongoDB (NASDAQ:MDB) had its target price hoisted by equities research analysts at Citizens Jmp from $375.00 to $435.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s target price would suggest a potential upside of 17.87% from the company’s previous close.

Other analysts have also issued reports about the stock. Rosenblatt Securities raised their price objective on shares of MongoDB from $305.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday. Monness Crespi & Hardt lifted their price target on shares of MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Robert W. Baird lifted their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Citigroup reiterated a “market outperform” rating on shares of MongoDB in a research note on Tuesday. Finally, Needham & Company LLC lifted their price target on shares of MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $348.58.

MongoDB Stock Performance

NASDAQ:MDB opened at $369.05 on Tuesday. The firm has a market cap of $30.03 billion, a P/E ratio of -376.58 and a beta of 1.52. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $385.44. The firm has a 50-day simple moving average of $322.51 and a two-hundred day simple moving average of $245.00.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The firm had revenue of $591.40 million for the quarter, compared to the consensus estimate of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, equities research analysts predict that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the transaction, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 107,493 shares of company stock valued at $33,830,023 in the last 90 days. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in MongoDB by 20.0% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after purchasing an additional 249 shares in the last quarter. Acadian Asset Management LLC raised its stake in MongoDB by 181.8% during the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after purchasing an additional 362,705 shares in the last quarter. Red Spruce Capital LLC raised its stake in MongoDB by 11.8% during the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,426 shares in the last quarter. Jones Financial Companies Lllp raised its stake in MongoDB by 875.2% during the first quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock valued at $1,745,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Triton Financial Group Inc purchased a new stake in MongoDB during the second quarter valued at $782,000. 89.29% of the stock is currently owned by institutional investors.

About MongoDB

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.