Citigroup Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target increased by Citigroup from $405.00 to $425.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on MDB. Sanford C. Bernstein lifted their target price on MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America boosted their price target on MongoDB from $275.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada boosted their price target on MongoDB from $320.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday. William Blair restated an “outperform” rating on shares of MongoDB in a research note on Thursday, June 26th. Finally, Barclays boosted their price target on MongoDB from $270.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $307.71.

MongoDB Trading Up 38.0%

Shares of NASDAQ MDB opened at $295.70 on Wednesday. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00. The stock has a 50 day moving average of $218.36 and a 200-day moving average of $206.87. The company has a market capitalization of $24.16 billion, a P/E ratio of -301.73 and a beta of 1.44.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 1.76% and a negative net margin of 3.54%.The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Activity

In other news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director owned 1,104,316 shares of the company’s stock, valued at approximately $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,416 shares of company stock worth $11,936,656. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new position in shares of MongoDB during the 1st quarter worth $25,000. Hollencrest Capital Management acquired a new position in shares of MongoDB during the 1st quarter worth $26,000. Cullen Frost Bankers Inc. raised its holdings in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after buying an additional 120 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after buying an additional 101 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in shares of MongoDB during the 2nd quarter worth $36,000. 89.29% of the stock is currently owned by institutional investors.

About MongoDB

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.