MongoDB (NASDAQ:MDB) Price Target Raised to $415.00 at DA Davidson

MongoDB (NASDAQ:MDB) had its target price upped by investment analysts at DA Davidson from $365.00 to $415.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target would suggest a potential upside of 17.51% from the company’s previous close.

Several other research analysts also recently commented on MDB. Barclays raised their price objective on MongoDB from $305.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Oppenheimer raised their price objective on MongoDB from $325.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. Rosenblatt Securities lifted their price target on MongoDB from $305.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada upped their price target on MongoDB from $350.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Morgan Stanley raised their price target on MongoDB from $255.00 to $325.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $352.89.

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $15.90 during trading on Tuesday, hitting $353.16. The company had a trading volume of 1,028,147 shares, compared to its average volume of 2,384,119. The stock has a market cap of $28.73 billion, a price-to-earnings ratio of -360.77 and a beta of 1.52. MongoDB has a one year low of $140.78 and a one year high of $385.44. The company has a fifty day simple moving average of $322.51 and a two-hundred day simple moving average of $245.00.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. During the same period in the previous year, the business earned $0.70 earnings per share. MongoDB’s revenue for the quarter was up 23.7% on a year-over-year basis. 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 anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In other news, CEO Dev Ittycheria sold 33,320 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the transaction, the chief executive officer owned 203,237 shares in the company, valued at $61,233,275.73. This represents a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were 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 trade represents a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 107,493 shares of company stock valued at $33,830,023. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after purchasing an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in MongoDB during the first quarter worth $161,543,000. Norges Bank acquired a new position in MongoDB during the second quarter worth $164,338,000. Primecap Management Co. CA boosted its position in MongoDB by 863.5% during the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after purchasing an additional 780,200 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after purchasing an additional 744,547 shares in 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.