Analysts Set MongoDB, Inc. (NASDAQ:MDB) Target Price at $394.45

Shares of MongoDB, Inc. (NASDAQ:MDB) have earned an average rating of “Moderate Buy” from the thirty-six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twenty-eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $396.3871.

Several research analysts have commented on the stock. Wedbush upped their price objective on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Piper Sandler upped their price objective on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Scotiabank restated an “outperform” rating on shares of MongoDB in a report on Friday, May 29th. Citigroup restated a “buy” rating on shares of MongoDB in a report on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dev Ittycheria sold 40,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. The trade was a 19.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 116,616 shares of company stock valued at $41,956,174 in the last quarter. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC increased its stake in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the 4th quarter worth about $28,000. Huntington National Bank increased its stake in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB in the 4th quarter worth about $33,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of MongoDB in the 1st quarter worth about $34,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Up 2.4%

NASDAQ:MDB opened at $348.28 on Thursday. The company has a fifty day moving average of $291.95 and a 200 day moving average of $334.57. MongoDB has a 52 week low of $196.00 and a 52 week high of $444.72. The firm has a market capitalization of $28.01 billion, a P/E ratio of -941.30, a P/E/G ratio of 1,227.24 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. During the same period in the prior year, the business posted $1.00 EPS. The firm’s revenue was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, analysts anticipate that MongoDB will post 0.02 EPS for the current year.

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.