Brokerages Set MongoDB, Inc. (NASDAQ:MDB) Target Price at $415.39

MongoDB, Inc. (NASDAQ:MDB) has earned a consensus rating of “Moderate Buy” from the forty-one brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, thirty have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $415.3889.

A number of equities analysts have commented on the company. Royal Bank Of Canada boosted their price objective on MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Stifel Nicolaus lifted their price target on MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. KeyCorp reiterated a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. BMO Capital Markets increased their price objective on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley raised their price objective on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd.

Insider Buying and Selling

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction 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 transaction, the director owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 119,577 shares of company stock worth $41,439,265 in the last quarter. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently modified their holdings of the business. Allworth Financial LP lifted its stake in MongoDB by 23.1% in the third quarter. Allworth Financial LP now owns 1,167 shares of the company’s stock valued at $362,000 after acquiring an additional 219 shares during the last quarter. Swiss Life Asset Management Ltd increased its stake in shares of MongoDB by 33.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 8,264 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,056 shares during the last quarter. Cambria Investment Management L.P. boosted its position in MongoDB by 1.5% in the third quarter. Cambria Investment Management L.P. now owns 7,050 shares of the company’s stock valued at $2,188,000 after buying an additional 102 shares in the last quarter. Strategic Advocates LLC acquired a new position in MongoDB in the 3rd quarter worth about $43,000. Finally, CIBC Bancorp USA Inc. bought a new stake in MongoDB during the 3rd quarter worth approximately $909,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Down 0.3%

Shares of MDB stock opened at $419.00 on Thursday. The company has a market capitalization of $34.10 billion, a P/E ratio of -481.61 and a beta of 1.45. MongoDB has a 12-month low of $140.78 and a 12-month high of $432.55. The firm has a 50-day moving average price of $350.50 and a 200 day moving average price of $282.47.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping 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 firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the prior year, the firm earned $1.16 earnings per share. The company’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. As a group, research analysts expect that MongoDB will post -1.78 earnings per share for the current year.

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.