MongoDB (NASDAQ:MDB) Given New $480.00 Price Target at Needham & Company LLC

MongoDB (NASDAQ:MDB) had its target price hoisted by investment analysts at Needham & Company LLC from $365.00 to $480.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 45.95% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Wedbush raised their price objective on MongoDB from $300.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Canaccord Genuity Group increased their target price on MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of MongoDB in a research note on Tuesday. Stifel Nicolaus set a $375.00 price objective on shares of MongoDB in a research note on Tuesday, November 4th. Finally, Monness Crespi & Hardt raised their target price on shares of MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $365.89.

MongoDB Stock Performance

NASDAQ:MDB opened at $328.87 on Tuesday. MongoDB has a 52 week low of $140.78 and a 52 week high of $385.44. The firm’s 50-day simple moving average is $333.51 and its 200 day simple moving average is $268.89. The firm has a market cap of $26.76 billion, a price-to-earnings ratio of -335.58 and a beta of 1.45.

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

Insider Transactions at MongoDB

In other news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of MongoDB stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the sale, the director directly owned 1,079,316 shares in the company, valued at $345,543,017.40. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 90,173 shares of company stock valued at $29,484,646. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MDB. Huntington National Bank grew its position in 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. raised its position in MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. Promus Capital LLC acquired a new stake in shares of MongoDB during the second quarter valued at about $36,000. TD Private Client Wealth LLC grew its holdings in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of MongoDB in the third quarter valued at approximately $37,000. 89.29% of the stock is currently owned by institutional investors.

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.