MongoDB (NASDAQ:MDB) Upgraded to Sector Outperform at Scotiabank

Scotiabank upgraded shares of MongoDB (NASDAQ:MDB) from a sector perform rating to a sector outperform rating in a research report released on Thursday, Marketbeat Ratings reports. They currently have $310.00 price target on the stock, up from their previous price target of $275.00.

A number of other equities analysts have also issued reports on MDB. Macquarie Infrastructure raised their price target on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. The Goldman Sachs Group cut their price target on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank Of Canada lowered their price objective on shares of MongoDB from $500.00 to $395.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Zacks Research cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $354.18.

MongoDB Price Performance

Shares of MongoDB stock opened at $263.93 on Thursday. The firm’s fifty day simple moving average is $372.37 and its 200-day simple moving average is $350.67. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of -299.92, a PEG ratio of 1,462.32 and a beta of 1.40. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last issued 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. The firm had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. Analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director owned 25,659 shares in the company, valued at $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 available at this link. Also, Director Dwight A. Merriman sold 1,190 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the sale, the director directly owned 80,462 shares in the company, valued at approximately $29,750,824.50. This represents a 1.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,504 shares of company stock valued at $13,389,622. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Central Pacific Bank Trust Division acquired a new stake in shares of MongoDB in the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its holdings in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of MongoDB in the fourth quarter valued at $33,000. Root Financial Partners LLC raised its stake in shares of MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of MongoDB during the 4th quarter worth $38,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company expands AI capabilities — MongoDB announced new embedding models, vector search tools and APIs in Atlas to simplify building AI apps, a product push that supports long‑term revenue mix and Atlas adoption. MongoDB Expands AI Capabilities
• Positive Sentiment: Analyst upgrade — Scotiabank raised MDB from “sector perform” to “sector outperform” and lifted its price target to $310, signaling research confidence from at least one regional bank. Scotiabank Upgrade (Benzinga)
• Positive Sentiment: High price targets / buy ratings remain from several firms — Citigroup set a $400 PT and Rosenblatt reaffirmed a Buy rating, showing pockets of analyst conviction above current levels. Citigroup $400 PT
• Neutral Sentiment: Unusual options flow — Extremely large volumes of both calls (~36,130) and puts (~23,831) were traded, indicating speculative positioning and increased short‑term volatility rather than a clear directional bet.
• Neutral Sentiment: Mixed analyst target moves — A few shops trimmed targets (e.g., Canaccord to $375, UBS to $275) while others kept higher targets; the net effect is increased dispersion in expectations. Canaccord PT Cut UBS PT Cut
• Negative Sentiment: Guidance disappointed — Q4 results beat on revenue and EPS, but fiscal‑2027 guidance still implies operating losses (and management changes were announced), which triggered the prior session’s heavy selloff. Why MDB Is Down 19.1%
• Negative Sentiment: Downgrades and cautious notes — Zacks moved MDB from “strong‑buy” to “hold” and several firms expressed more conservative outlooks, adding pressure after the guidance miss. Zacks Downgrade
• Negative Sentiment: Analyst pessimism reported — Barclays and Monness issued more negative commentary/forecasts that contributed to the recent gap down and investor caution. Barclays Pessimistic Forecast Monness Notes

About MongoDB

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.