MongoDB (NASDAQ:MDB) Given “Buy” Rating at Needham & Company LLC

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a research note issued on Monday,Benzinga reports. They presently have a $500.00 price objective on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 22.51% from the company’s previous close.

Several other equities research analysts also recently weighed in on MDB. Mizuho raised their price objective on MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Raymond James Financial initiated coverage on MongoDB in a research note on Monday, December 15th. They set a “market perform” rating on the stock. Oppenheimer restated an “outperform” rating on shares of MongoDB in a report on Monday, January 5th. Citizens Jmp raised their price objective on shares of MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a report on Tuesday, December 2nd. Finally, Stifel Nicolaus lifted their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $418.40.

MongoDB Trading Down 1.3%

NASDAQ MDB opened at $408.12 on Monday. The firm’s 50 day simple moving average is $389.05 and its 200 day simple moving average is $314.03. The firm has a market capitalization of $33.22 billion, a price-to-earnings ratio of -469.10 and a beta of 1.38. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data 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. The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, equities research analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the sale, the director owned 194,600 shares in the company, valued at $78,978,410. This represents a 11.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles M. Hazard, Jr. sold 166 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $326.13, for a total value of $54,137.58. Following the sale, the director directly owned 13,995 shares of the company’s stock, valued at $4,564,189.35. This represents a 1.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 81,023 shares of company stock valued at $30,382,587. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB during the fourth quarter valued at about $28,000. Huntington National Bank lifted its holdings in shares of MongoDB by 110.9% in 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. Grove Bank & Trust boosted its position in shares of MongoDB by 81.8% during the fourth quarter. Grove Bank & Trust now owns 100 shares of the company’s stock valued at $42,000 after buying an additional 45 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in MongoDB by 2,825.0% during 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 in the last quarter. Finally, Hollencrest Capital Management bought a new position in MongoDB during the 3rd quarter valued at $37,000. 89.29% of the stock is currently owned by institutional investors.

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.