MongoDB (NASDAQ:MDB) Given New $425.00 Price Target at Rosenblatt Securities

MongoDB (NASDAQ:MDB) had its target price upped by analysts at Rosenblatt Securities from $385.00 to $425.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 29.23% from the company’s previous close.

A number of other brokerages have also weighed in on MDB. Royal Bank Of Canada upped their target price on shares of MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company restated an “overweight” rating on shares of MongoDB in a report on Tuesday. Stifel Nicolaus set a $375.00 price objective on MongoDB in a report on Tuesday, November 4th. Zacks Research lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of MongoDB in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $365.89.

MongoDB Price Performance

NASDAQ:MDB opened at $328.87 on Tuesday. The business’s 50-day simple moving average is $333.51 and its 200-day simple moving average is $268.89. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $385.44. The stock has a market capitalization of $26.76 billion, a PE ratio of -335.58 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS. FY 2026 guidance at 4.760-4.800 EPS. On average, research analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director directly owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. This represents a 38.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles M. Hazard, Jr. sold 166 shares of MongoDB stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $383.72, for a total value of $63,697.52. Following the transaction, the director owned 14,161 shares of the company’s stock, valued at $5,433,858.92. The trade was a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 90,173 shares of company stock valued at $29,484,646. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

MongoDB Company Profile

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.