Canaccord Genuity Group Lowers MongoDB (NASDAQ:MDB) Price Target to $375.00

MongoDB (NASDAQ:MDB) had its price objective decreased by investment analysts at Canaccord Genuity Group from $455.00 to $375.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 48.03% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reiterated an “outperform” rating and issued a $340.00 target price on shares of MongoDB in a report on Tuesday. Cantor Fitzgerald lowered their price objective on shares of MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a research note on Tuesday. Sanford C. Bernstein downgraded shares of MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Macquarie Infrastructure raised their price target on shares of MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Finally, DA Davidson decreased their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.82.

MongoDB Stock Performance

Shares of MongoDB stock traded down $71.69 during midday trading on Tuesday, hitting $253.32. 11,109,701 shares of the company traded hands, compared to its average volume of 1,943,822. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of -291.17 and a beta of 1.40. The firm’s fifty day moving average price is $383.23 and its 200-day moving average price is $351.77.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. During the same quarter in the previous year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. Equities research analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 555 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the sale, the chief accounting officer directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $417.83, for a total value of $4,178,300.00. Following the completion of the transaction, the director directly owned 1,041,316 shares of the company’s stock, valued at approximately $435,093,064.28. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,354 shares of company stock valued at $23,474,994 in the last 90 days. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after purchasing an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of MongoDB during the 2nd quarter valued at $329,000. AlphaQuest LLC raised its position in MongoDB by 257.1% in the 2nd quarter. AlphaQuest LLC now owns 650 shares of the company’s stock worth $136,000 after purchasing an additional 468 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in MongoDB in the second quarter worth $499,000. 89.29% of the stock is owned by institutional investors.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 results beat expectations — revenue $695.1M (+27% Y/Y) and EPS $1.65 beat consensus; Atlas and subscription growth remained healthy and the company added ~2,700 customers. This supports MongoDB’s longer-term growth thesis. PR Newswire: Q4 Results
• Neutral Sentiment: Some analysts and commentators see the sell-off as overdone and point to a durable long-term outlook (AI positioning, solid margins, incoming CCO Erica Volini) — providing a potential buying opportunity if fundamentals remain intact. MarketBeat: Buying Opportunity
• Negative Sentiment: Guidance and growth concerns drove the move: several outlets report a softer near-term outlook for Atlas/cloud growth and a profit outlook that disappointed investors, prompting sharp selling. That forward uncertainty is the primary proximate cause of the drop. Reuters: Weak Cloud Growth & Muted Forecast
• Negative Sentiment: Unexpected executive departures (president of field ops and CRO) heightened fear about near-term go-to-market execution; management changes are cited as a catalyst for the sell-off even though the new CCO is viewed by some as a constructive hire. MarketBeat: Management Shakeup
• Negative Sentiment: Rapid analyst re-rating: multiple firms cut price targets (examples include UBS to $275, Cantor Fitzgerald, Barclays, Wells Fargo, RBC and others trimming targets), and at least one downgrade (Baird) cited Atlas growth and AI-revenue timing concerns — adding selling pressure and reducing near-term investor conviction. Benzinga: Analyst Actions
• Negative Sentiment: Market technicals and flows: heavy intraday volume, rising short interest and some institutional distribution amplified the move, meaning price action could remain volatile near-term even if fundamentals recover. Schaeffers: Aftermath & Flows

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.