BMO Capital Markets Cuts MongoDB (NASDAQ:MDB) Price Target to $400.00

MongoDB (NASDAQ:MDB) had its price objective decreased by BMO Capital Markets from $455.00 to $400.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. BMO Capital Markets currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Rosenblatt Securities upped their price objective on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Mizuho boosted their target price on MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. UBS Group raised their price target on MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Canaccord Genuity Group lifted their price objective on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, Raymond James Financial initiated coverage on MongoDB in a report on Monday, December 15th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $416.15.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $328.47 on Thursday. The business’s fifty day moving average price is $385.52 and its two-hundred day moving average price is $349.91. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The stock has a market capitalization of $26.73 billion, a price-to-earnings ratio of -377.55 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The company had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same quarter in the previous year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Research analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director directly owned 194,600 shares in the company, valued at approximately $78,978,410. This represents a 11.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the transaction, the director directly owned 1,041,316 shares in the company, valued at $435,093,064.28. This trade represents a 0.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,353 shares of company stock valued at $25,440,798 over the last 90 days. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MDB. Mirae Asset Global Investments Co. Ltd. lifted its stake in MongoDB by 1,277.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after buying an additional 16,896 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of MongoDB by 209.0% during the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after acquiring an additional 3,077 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of MongoDB by 42.1% during the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after acquiring an additional 39,978 shares during the period. Pinegrove Venture Partners LLC bought a new stake in MongoDB in the 3rd quarter valued at $1,032,000. Finally, Rakuten Investment Management Inc. acquired a new position in MongoDB in the 3rd quarter worth $40,014,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.