Truist Financial Cuts MongoDB (NASDAQ:MDB) Price Target to $375.00

MongoDB (NASDAQ:MDB) had its price target decreased by investment analysts at Truist Financial from $500.00 to $375.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 57.60% from the stock’s current price.

MDB has been the subject of several other reports. Bank of America upped their price target on MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Robert W. Baird restated a “neutral” rating and set a $260.00 target price (down from $500.00) on shares of MongoDB in a research report on Tuesday. Morgan Stanley raised their target price on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Argus boosted their price target on shares of MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $380.39.

MongoDB Stock Down 26.8%

NASDAQ:MDB traded down $87.07 on Tuesday, reaching $237.94. 3,026,084 shares of the company’s stock traded hands, compared to its average volume of 1,704,205. The stock has a 50-day simple moving average of $383.23 and a 200-day simple moving average of $351.77. The firm has a market cap of $19.37 billion, a PE ratio of -274.71 and a beta of 1.40. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, equities analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the sale, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 555 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 57,354 shares of company stock worth $23,474,994. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Large investors have recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in MongoDB in the 4th quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MongoDB in the fourth quarter worth approximately $33,000. Root Financial Partners LLC lifted its stake in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in MongoDB during the 4th quarter valued at $38,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 beat — MongoDB reported stronger-than-expected Q4 results (revenue $695.1M, +27% Y/Y; EPS $1.65, topping estimates) and highlighted customer additions and robust deals, which supports the company’s growth narrative. Q4 Press Release
• Positive Sentiment: Aggressive EPS guidance — MongoDB raised EPS guidance sharply: Q1 FY2027 EPS $1.150–1.190 vs. consensus ~0.64, and FY2027 EPS $5.75–5.93 vs. consensus ~3.41. Strong EPS outlook (if achievable) implies margin leverage and could support upside over time. Guidance & Strategy Article
• Neutral Sentiment: Revenue guidance roughly flat to light — Q1 revenue guided to ~$659M–$664M (vs. consensus ~$661M) and FY revenue guidance roughly in line with expectations; EPS strength is notable but revenue guidance lacks a clear beat, leaving mixed signals for growth investors. Guidance & Strategy Article
• Neutral Sentiment: Atlas growth deceleration flagged — Management outlined Atlas revenue growth of ~21%–23% for fiscal 2027, a deceleration from recent rates; this is important because Atlas is the core growth engine. Guidance & Strategy Article
• Negative Sentiment: Executive departures and market reaction — Reports of executive departures and “mixed” forward commentary triggered a sharp sell-off in after-hours trading and headlines saying the stock plunged ~24%, amplifying downward pressure. Blockonomi: Shares Plunge
• Negative Sentiment: Analyst cuts and neutral/weak re-rates — Multiple firms trimmed price targets or moved to neutral (Mizuho cut to $290; Robert W. Baird reaffirmed neutral and cut target to $260), adding selling pressure even as some outlets (Bernstein, Rosenblatt) kept higher targets. Benzinga: Analyst Moves TickerReport: Analyst Note
• Negative Sentiment: Macro noise — Broader market weakness (geopolitical-driven oil and risk-off flows) likely amplified the stock’s decline today, compounding the company-specific reaction to guidance and leadership news. Market Context

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.