Piper Sandler Lowers MongoDB (NASDAQ:MDB) Price Target to $330.00

MongoDB (NASDAQ:MDB) had its price target cut by stock analysts at Piper Sandler from $490.00 to $330.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 33.06% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Raymond James Financial began coverage on shares of MongoDB in a research note on Monday, December 15th. They issued a “market perform” rating on the stock. DA Davidson dropped their target price on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Citizens Jmp raised their price target on shares of MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company lowered their price objective on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Cantor Fitzgerald cut their target price on MongoDB from $454.00 to $378.00 and set an “overweight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.12.

MongoDB Stock Down 1.9%

Shares of MDB opened at $248.01 on Tuesday. The business’s 50 day moving average price is $375.80 and its 200-day moving average price is $351.28. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72. The stock has a market cap of $20.19 billion, a P/E ratio of -281.83 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same quarter last year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, equities analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, December 17th. The stock was 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 of the company’s stock, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the transaction, the chief accounting officer directly owned 10,784 shares in the company, valued at $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 57,354 shares of company stock valued at $23,474,994 over the last 90 days. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently made changes to their positions in MDB. Mirae Asset Global Investments Co. Ltd. raised its position in MongoDB by 1,277.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock worth $5,655,000 after acquiring an additional 16,896 shares during the period. Pacer Advisors Inc. increased its stake in shares of MongoDB by 209.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after purchasing an additional 3,077 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of MongoDB by 42.1% in the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after purchasing an additional 39,978 shares in the last quarter. Pinegrove Venture Partners LLC bought a new position in MongoDB in the 3rd quarter worth $1,032,000. Finally, Rakuten Investment Management Inc. purchased a new position in MongoDB during the third quarter valued at $40,014,000. Institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 results beat consensus — revenue and EPS exceeded estimates and Atlas contributed ~72% of quarterly revenue, showing continued top-line strength and improving margins. This supports the long-term growth narrative for MongoDB. Article Title
• Positive Sentiment: Full-year FY27 guidance was framed as stronger than the quarter’s cautious Q1 guide — management expects FY27 revenue and EPS growth above consensus, which could support upside later in the year if execution matches commentary. Article Title
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference (transcript available) — useful for incremental color on go-to-market and AI strategy but not a market-moving surprise on its own. Article Title
• Neutral Sentiment: Analyst buy ratings remain in place at several firms (Guggenheim, Rosenblatt, Citi, others) despite cuts to price targets — indicates many sell-side shops still see upside versus the current depressed level, though timelines vary. Article Title
• Negative Sentiment: Weak near-term guidance and profit outlook sent shares sharply lower — the Q1 guidance and conservative short-term profit outlook were the immediate catalyst for a large sell-off as investors repriced growth/timing of AI-related revenue. Article Title
• Negative Sentiment: Executive departures (sales leadership changes) heightened uncertainty — management turnover amplified investor concern about near-term commercial execution. Coverage summarized at MarketBeat and Seeking Alpha. Article Title
• Negative Sentiment: Wide wave of analyst price-target cuts — numerous firms trimmed targets (UBS, Canaccord, Piper, Oppenheimer, Mizuho, others) which increases downward pressure and reduces conviction among short-term holders even where ratings were maintained. Representative coverage: Benzinga summaries of PT moves. Article Title
• Negative Sentiment: Downgrades/holding calls (e.g., Zacks moved to “hold”, Baird neutral) add to selling momentum from momentum traders and funds that track ratings/flows. Article Title

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.