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

MongoDB (NASDAQ:MDB) had its price target raised by DA Davidson from $275.00 to $325.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Wolfe Research increased their price objective on MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research note on Thursday, June 26th. Zacks Research upgraded MongoDB to a “hold” rating in a report on Friday, August 8th. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. Finally, Royal Bank Of Canada boosted their price objective on MongoDB from $320.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment 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 stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.71.

MongoDB Stock Up 38.0%

MongoDB stock opened at $295.70 on Wednesday. The stock has a 50-day simple moving average of $218.36 and a 200 day simple moving average of $206.87. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of -301.73 and a beta of 1.44. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. 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 firm posted $0.51 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, sell-side analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 25,005 shares of MongoDB stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer directly owned 256,974 shares in the company, valued at approximately $60,131,916. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares of the company’s stock, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,416 shares of company stock valued at $11,936,656 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of MongoDB by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after purchasing an additional 744,547 shares during the period. State Street Corp raised its holdings in MongoDB by 5.0% during the 2nd quarter. State Street Corp now owns 1,693,194 shares of the company’s stock worth $355,554,000 after buying an additional 80,334 shares during the period. Geode Capital Management LLC lifted its stake in MongoDB by 5.2% in the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock valued at $292,597,000 after buying an additional 68,611 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after buying an additional 129,451 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares during the period. 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.