MongoDB (NASDAQ:MDB) Price Target Raised to $455.00

MongoDB (NASDAQ:MDB) had its price target increased by investment analysts at Canaccord Genuity Group from $375.00 to $455.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 8.99% from the stock’s current price.

MDB has been the subject of a number of other reports. Stifel Nicolaus set a $375.00 target price on MongoDB in a research report on Tuesday, November 4th. Guggenheim boosted their price objective on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday. JMP Securities increased their target price on MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a research report on Friday, September 19th. Wolfe Research increased their price target on shares of MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada raised their price objective on shares of MongoDB from $405.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $389.06.

MongoDB Stock Performance

MDB opened at $417.46 on Tuesday. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $404.99. The firm has a 50-day moving average of $333.51 and a 200 day moving average of $268.89. The firm has a market cap of $33.96 billion, a P/E ratio of -426.23 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share 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 for the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the previous year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS. FY 2026 guidance at 4.760-4.800 EPS. Equities research analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the sale, the director owned 32,293 shares in the company, valued at $10,394,147.91. The trade was a 38.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles M. Hazard, Jr. sold 166 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $383.72, for a total value of $63,697.52. Following the completion of the sale, the director directly owned 14,161 shares of the company’s stock, valued at approximately $5,433,858.92. This represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,173 shares of company stock valued at $29,484,646 over the last 90 days. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in MDB. Huntington National Bank grew 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 valued at $30,000 after purchasing an additional 51 shares during the last quarter. Montag A & Associates Inc. lifted its stake in MongoDB by 144.3% in 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 last quarter. Promus Capital LLC purchased a new stake in MongoDB during the second quarter valued at about $36,000. TD Private Client Wealth LLC grew its stake 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 valued at $36,000 after buying an additional 113 shares during the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of MongoDB during the third quarter valued at 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.