Argus Increases MongoDB (NASDAQ:MDB) Price Target to $488.00

MongoDB (NASDAQ:MDB) had its target price hoisted by investment analysts at Argus from $340.00 to $488.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 20.21% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Mizuho upped their price target on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday. Macquarie lifted their price target on MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup increased their price objective on MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and set a $490.00 price objective (up previously from $400.00) on shares of MongoDB in a research report on Tuesday. Finally, Oppenheimer raised their price target on shares of MongoDB from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $414.30.

MongoDB Stock Up 0.0%

Shares of MongoDB stock opened at $405.95 on Thursday. MongoDB has a 12 month low of $140.78 and a 12 month high of $419.50. The stock has a market cap of $33.03 billion, a PE ratio of -466.71 and a beta of 1.45. The business has a fifty day simple moving average of $336.98 and a 200-day simple moving average of $271.32.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.11% and a negative net margin of 3.06%.The firm had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. During the same period last year, the company posted $1.16 EPS. The business’s quarterly revenue 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. Analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the transaction, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. The trade was a 38.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the sale, the director directly owned 24,308 shares of the company’s stock, valued at $7,971,322.44. This represents a 4.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,172 shares of company stock valued at $29,810,450 in the last three months. Company insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its position in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares during the last quarter. Montag A & Associates Inc. grew its position in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after buying an additional 101 shares in the last quarter. Promus Capital LLC bought a new position in MongoDB during the second quarter valued at about $36,000. TD Private Client Wealth LLC increased its stake in MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the period. Finally, Hollencrest Capital Management acquired a new position in MongoDB in the 3rd quarter valued at approximately $37,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.