MongoDB (NASDAQ:MDB) Price Target Raised to $415.00

MongoDB (NASDAQ:MDB) had its price target raised by Scotiabank from $320.00 to $415.00 in a research report report published on Tuesday, MarketBeat reports. The firm currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. Monness Crespi & Hardt raised their target price on MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group increased their price target on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research note on Tuesday. Needham & Company LLC lifted their price objective on MongoDB from $365.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday. Macquarie boosted their price objective on MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Finally, Barclays increased their target price on shares of MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $415.39.

MongoDB Stock Performance

Shares of MDB stock opened at $396.73 on Tuesday. The company has a market capitalization of $32.28 billion, a price-to-earnings ratio of -456.01 and a beta of 1.45. MongoDB has a 52-week low of $140.78 and a 52-week high of $419.50. The company has a 50-day simple moving average of $338.61 and a two-hundred day simple moving average of $272.19.

MongoDB (NASDAQ:MDB) last announced 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. The firm had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, sell-side analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the sale, the director owned 32,293 shares in the company, valued at $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of MongoDB stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $320.15, for a total value of $8,003,750.00. Following the sale, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This trade represents a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 95,172 shares of company stock worth $31,450,450. 3.10% of the stock is owned by insiders.

Institutional Trading of MongoDB

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in MongoDB by 5.0% during 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 in the last quarter. 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 valued at $657,447,000 after buying an additional 1,427,700 shares during the last quarter. State Street Corp grew its holdings in shares of MongoDB by 3.7% during the third quarter. State Street Corp now owns 1,756,628 shares of the company’s stock valued at $545,222,000 after buying an additional 63,434 shares during the last quarter. Amundi increased its position in shares of MongoDB by 61.3% during the third 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 raised its holdings in MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after acquiring an additional 68,611 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other 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.