Oppenheimer Has Lowered Expectations for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective lowered by stock analysts at Oppenheimer from $425.00 to $375.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 51.20% from the stock’s previous close.

MDB has been the topic of a number of other reports. UBS Group boosted their target price on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada set a $500.00 price target on shares of MongoDB in a report on Thursday, January 15th. Scotiabank dropped their price objective on MongoDB from $415.00 to $275.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Piper Sandler reissued an “overweight” rating and set a $490.00 price objective (up from $400.00) on shares of MongoDB in a report on Tuesday, December 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $353.12.

MongoDB Price Performance

Shares of MongoDB stock opened at $248.01 on Tuesday. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72. The firm has a market cap of $20.19 billion, a PE ratio of -281.83 and a beta of 1.40. The stock has a fifty day moving average price of $375.80 and a 200-day moving average price of $351.28.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results 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. The company had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. As a group, equities analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the sale, the director owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. This represents a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the transaction, the chief accounting officer owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 57,354 shares of company stock worth $23,474,994. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of MDB. ValueAct Holdings L.P. grew its stake in MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. Norges Bank bought a new position in MongoDB in the 4th quarter valued at $574,821,000. AQR Capital Management LLC grew its position in shares of MongoDB by 2,567.2% during the 2nd 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 in the last quarter. Jericho Capital Asset Management L.P. increased its holdings in shares of MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of MongoDB by 9.5% in 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 during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 results beat consensus — revenue and EPS exceeded estimates and Atlas contributed ~72% of quarterly revenue, showing continued top-line strength and improving margins. This supports the long-term growth narrative for MongoDB. Article Title
• Positive Sentiment: Full-year FY27 guidance was framed as stronger than the quarter’s cautious Q1 guide — management expects FY27 revenue and EPS growth above consensus, which could support upside later in the year if execution matches commentary. Article Title
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference (transcript available) — useful for incremental color on go-to-market and AI strategy but not a market-moving surprise on its own. Article Title
• Neutral Sentiment: Analyst buy ratings remain in place at several firms (Guggenheim, Rosenblatt, Citi, others) despite cuts to price targets — indicates many sell-side shops still see upside versus the current depressed level, though timelines vary. Article Title
• Negative Sentiment: Weak near-term guidance and profit outlook sent shares sharply lower — the Q1 guidance and conservative short-term profit outlook were the immediate catalyst for a large sell-off as investors repriced growth/timing of AI-related revenue. Article Title
• Negative Sentiment: Executive departures (sales leadership changes) heightened uncertainty — management turnover amplified investor concern about near-term commercial execution. Coverage summarized at MarketBeat and Seeking Alpha. Article Title
• Negative Sentiment: Wide wave of analyst price-target cuts — numerous firms trimmed targets (UBS, Canaccord, Piper, Oppenheimer, Mizuho, others) which increases downward pressure and reduces conviction among short-term holders even where ratings were maintained. Representative coverage: Benzinga summaries of PT moves. Article Title
• Negative Sentiment: Downgrades/holding calls (e.g., Zacks moved to “hold”, Baird neutral) add to selling momentum from momentum traders and funds that track ratings/flows. Article Title

About MongoDB

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.