MongoDB (NASDAQ:MDB) Price Target Cut to $375.00 by Analysts at Wells Fargo & Company

MongoDB (NASDAQ:MDB) had its price target cut by Wells Fargo & Company from $450.00 to $375.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 56.29% from the stock’s previous close.

MDB has been the topic of a number of other research reports. Oppenheimer cut their price target on MongoDB from $425.00 to $375.00 and set an “outperform” rating on the stock in a research note on Tuesday. Argus upped their price objective on MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Scotiabank reduced their target price on MongoDB from $415.00 to $275.00 and set a “sector perform” rating on the stock in a report on Tuesday. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Barclays increased their price target on shares of MongoDB from $415.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $378.12.

MongoDB Price Performance

Shares of NASDAQ MDB traded down $85.07 during mid-day trading on Tuesday, hitting $239.94. The company’s stock had a trading volume of 3,737,458 shares, compared to its average volume of 1,751,938. MongoDB has a one year low of $140.78 and a one year high of $444.72. The company’s fifty day simple moving average is $383.23 and its 200-day simple moving average is $351.77. The stock has a market cap of $19.53 billion, a price-to-earnings ratio of -276.05 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share 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 business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same period in the previous year, the firm posted $1.28 earnings per share. MongoDB’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, sell-side analysts predict that MongoDB will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the sale, the director owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,354 shares of company stock valued at $23,474,994 in the last quarter. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently added to or reduced their stakes in MDB. Vanguard Group Inc. raised its stake in shares of MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after purchasing an additional 431,382 shares during the period. ValueAct Holdings L.P. grew its holdings in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after buying an additional 1,427,700 shares in the last quarter. State Street Corp raised its position in MongoDB by 2.3% in the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after buying an additional 40,219 shares during the last quarter. Amundi lifted its stake in MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after acquiring an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in MongoDB by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock valued at $604,429,000 after acquiring an additional 9,693 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 beat — MongoDB reported stronger-than-expected Q4 results (revenue $695.1M, +27% Y/Y; EPS $1.65, topping estimates) and highlighted customer additions and robust deals, which supports the company’s growth narrative. Q4 Press Release
• Positive Sentiment: Aggressive EPS guidance — MongoDB raised EPS guidance sharply: Q1 FY2027 EPS $1.150–1.190 vs. consensus ~0.64, and FY2027 EPS $5.75–5.93 vs. consensus ~3.41. Strong EPS outlook (if achievable) implies margin leverage and could support upside over time. Guidance & Strategy Article
• Neutral Sentiment: Revenue guidance roughly flat to light — Q1 revenue guided to ~$659M–$664M (vs. consensus ~$661M) and FY revenue guidance roughly in line with expectations; EPS strength is notable but revenue guidance lacks a clear beat, leaving mixed signals for growth investors. Guidance & Strategy Article
• Neutral Sentiment: Atlas growth deceleration flagged — Management outlined Atlas revenue growth of ~21%–23% for fiscal 2027, a deceleration from recent rates; this is important because Atlas is the core growth engine. Guidance & Strategy Article
• Negative Sentiment: Executive departures and market reaction — Reports of executive departures and “mixed” forward commentary triggered a sharp sell-off in after-hours trading and headlines saying the stock plunged ~24%, amplifying downward pressure. Blockonomi: Shares Plunge
• Negative Sentiment: Analyst cuts and neutral/weak re-rates — Multiple firms trimmed price targets or moved to neutral (Mizuho cut to $290; Robert W. Baird reaffirmed neutral and cut target to $260), adding selling pressure even as some outlets (Bernstein, Rosenblatt) kept higher targets. Benzinga: Analyst Moves TickerReport: Analyst Note
• Negative Sentiment: Macro noise — Broader market weakness (geopolitical-driven oil and risk-off flows) likely amplified the stock’s decline today, compounding the company-specific reaction to guidance and leadership news. Market Context

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.