MongoDB (NASDAQ:MDB) Price Target Raised to $500.00

MongoDB (NASDAQ:MDB) had its target price increased by Needham & Company LLC from $480.00 to $500.00 in a research note published on Tuesday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on MDB. Citigroup raised their price target on MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Wedbush increased their price objective on shares of MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Citizens Jmp upped their target price on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 2nd. BMO Capital Markets raised their price target on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Canaccord Genuity Group lifted their price target on shares of MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.40.

MongoDB Stock Down 6.1%

MDB stock opened at $413.52 on Tuesday. The firm has a market cap of $33.66 billion, a price-to-earnings ratio of -475.31 and a beta of 1.38. The company’s fifty day simple moving average is $388.08 and its 200 day simple moving average is $311.13. MongoDB has a 12-month low of $140.78 and a 12-month high of $444.72.

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. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.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 prior year, the company earned $1.16 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Research analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In other news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director owned 25,659 shares in the company, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $311.62, for a total transaction of $3,116,200.00. Following the completion of the sale, the director directly owned 1,069,316 shares in the company, valued at $333,220,251.92. This represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 81,023 shares of company stock worth $30,382,587 in the last three months. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 5.0% during the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after acquiring an additional 431,382 shares during the period. ValueAct Holdings L.P. raised its position 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 acquiring an additional 1,427,700 shares during the last quarter. State Street Corp boosted its position 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 worth $545,222,000 after buying an additional 63,434 shares during the period. Amundi grew its holdings 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 buying an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in MongoDB by 5.2% during the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after purchasing an additional 68,611 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several brokerages have lifted targets and reiterated buy cases, signaling continued analyst confidence that supports longer‑term upside. Example: Truist raised its price target to $500. Read More.
• Positive Sentiment: MDB recently hit a 52‑week high and has benefited from renewed AI/CEA optimism among analysts, helping momentum into the open of the week. Read More.
• Positive Sentiment: Analysts note MongoDB’s expanding partner ecosystem and hyperscaler integrations, which can support durable revenue growth and reduce adoption friction for customers. Read More.
• Neutral Sentiment: Raymond James initiated coverage with a Market Perform rating, calling MongoDB at a “strategic crossroads” as AI/data competition intensifies — balanced view that can temper some of the bullish narrative. Read More.
• Neutral Sentiment: Extremely heavy options flow — both calls and puts — suggests traders are positioning for near‑term volatility rather than a one‑sided directional bet (36,130 calls and 23,831 puts reported). This can amplify intraday moves and hedging activity. Read More.
• Negative Sentiment: Market headlines flagged a notable pullback in the session (price slid while broader market rose), consistent with profit‑taking after the recent run. Read More.
• Negative Sentiment: An insider sale (director Dwight Merriman sold ~1,054 shares) was disclosed — a small reduction in his stake but the filing can be read as a short‑term negative signal by some investors. Read More.

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.