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

MongoDB (NASDAQ:MDB) had its price target boosted by research analysts at Macquarie from $305.00 to $385.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Macquarie’s target price points to a potential downside of 6.37% from the stock’s current price.

A number of other equities research analysts have also weighed in on MDB. Zacks Research lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a research note on Monday, November 24th. JMP Securities lifted their price objective on MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a report on Friday, September 19th. Truist Financial increased their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, BMO Capital Markets raised their target price on shares of MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.00.

MongoDB Trading Up 25.0%

Shares of NASDAQ MDB traded up $82.30 during midday trading on Tuesday, hitting $411.17. The company’s stock had a trading volume of 3,874,532 shares, compared to its average volume of 2,337,665. The business’s 50 day moving average is $333.51 and its two-hundred day moving average is $268.89. MongoDB has a 12-month low of $140.78 and a 12-month high of $419.50. The firm has a market cap of $33.45 billion, a P/E ratio of -421.05 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the previous year, the company earned $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, analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $338.52, for a total value of $3,385,200.00. Following the transaction, the director owned 1,055,316 shares of the company’s stock, valued at $357,245,572.32. The trade was a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles M. Hazard, Jr. sold 166 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $383.72, for a total transaction of $63,697.52. Following the transaction, the director owned 14,161 shares of the company’s stock, valued at approximately $5,433,858.92. This trade represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 90,173 shares of company stock worth $29,484,646. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of institutional investors have recently made changes to their positions in MDB. Huntington National Bank increased its position in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in MongoDB by 2,825.0% in the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of MongoDB during the third quarter worth about $37,000. Westside Investment Management Inc. increased its holdings in shares of MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after acquiring an additional 55 shares in the last quarter. Finally, Strategic Advocates LLC purchased a new position in shares of MongoDB in the 3rd quarter valued at approximately $43,000. 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.