MongoDB (NASDAQ:MDB) Price Target Raised to $480.00

MongoDB (NASDAQ:MDB) had its price target lifted by Needham & Company LLC from $365.00 to $480.00 in a report issued on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on MDB. Piper Sandler restated an “overweight” rating and issued a $490.00 price objective (up from $400.00) on shares of MongoDB in a research report on Tuesday. Stifel Nicolaus set a $375.00 target price on shares of MongoDB in a research note on Tuesday, November 4th. Bank of America upped their price objective on shares of MongoDB from $345.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. The Goldman Sachs Group raised their price objective on shares of MongoDB from $405.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price objective on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $415.39.

MongoDB Stock Down 2.3%

MDB opened at $396.73 on Tuesday. The company’s 50-day moving average price is $338.61 and its two-hundred day moving average price is $272.19. MongoDB has a twelve month low of $140.78 and a twelve month high of $419.50. The stock has a market cap of $32.28 billion, a price-to-earnings ratio of -456.01 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 (EPS) for the quarter, topping 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 business had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. During the same period last year, the business posted $1.16 earnings per share. 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. As a group, sell-side analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 25,000 shares of MongoDB stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the transaction, the director directly owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the transaction, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 95,172 shares of company stock worth $31,450,450. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Huntington National Bank grew its position in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares in the last quarter. Montag A & Associates Inc. boosted its stake in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after buying an additional 101 shares during the period. Promus Capital LLC bought a new stake in MongoDB in the second quarter worth about $36,000. TD Private Client Wealth LLC raised its holdings in shares of MongoDB by 2,825.0% in the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares during the period. Finally, Hollencrest Capital Management bought a new stake in shares of MongoDB during the 3rd quarter worth approximately $37,000. Institutional investors own 89.29% of the company’s stock.

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.