MongoDB (NASDAQ:MDB) Price Target Raised to $475.00

MongoDB (NASDAQ:MDB) had its target price lifted by Monness Crespi & Hardt from $360.00 to $475.00 in a report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus set a $375.00 price objective on shares of MongoDB in a research report on Tuesday, November 4th. UBS Group raised their price target on shares of MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley lifted their price objective on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday. Robert W. Baird upped their target price on MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Finally, Wells Fargo & Company raised their target price on MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $415.39.

MongoDB Stock Down 2.3%

NASDAQ:MDB opened at $396.73 on Tuesday. The stock has a market capitalization of $32.28 billion, a price-to-earnings ratio of -456.01 and a beta of 1.45. MongoDB has a 52 week low of $140.78 and a 52 week high of $419.50. The firm has a 50 day moving average of $338.61 and a 200 day moving average of $272.19.

MongoDB (NASDAQ:MDB) last issued its quarterly 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 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The business’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 and its FY 2026 guidance at 4.760-4.800 EPS. As a group, analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the 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 in the company, valued at $10,394,147.91. This trade represents a 38.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 95,172 shares of company stock valued at $31,450,450. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of MongoDB by 3.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after acquiring an additional 40 shares during the last quarter. Brooklyn Investment Group increased its position in MongoDB by 7.4% during the third quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock worth $211,000 after purchasing an additional 47 shares during the last quarter. Huntington National Bank raised its stake in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. GAMMA Investing LLC boosted its holdings in MongoDB by 46.2% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after purchasing an additional 54 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.