MongoDB (NASDAQ:MDB) Given New $330.00 Price Target at Truist Financial

MongoDB (NASDAQ:MDB) had its price objective upped by Truist Financial from $275.00 to $330.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the stock. UBS Group raised their price target on shares of MongoDB from $213.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, June 5th. Piper Sandler raised their price target on shares of MongoDB from $275.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Research raised shares of MongoDB to a “hold” rating in a research note on Friday, August 8th. Barclays raised their price target on shares of MongoDB from $270.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Needham & Company LLC raised their price target on shares of MongoDB from $270.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $307.71.

MongoDB Stock Performance

NASDAQ MDB opened at $295.70 on Wednesday. The business has a 50 day simple moving average of $218.36 and a 200 day simple moving average of $206.87. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of -301.73 and a beta of 1.44.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, analysts predict 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 the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $5,851,170.00. Following the transaction, the chief executive officer directly owned 256,974 shares in the company, valued at $60,131,916. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the transaction, the director directly owned 1,107,006 shares in the company, valued at $259,039,404. The trade was a 0.18% 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 owned by company insiders.

Hedge Funds Weigh In On MongoDB

Several large investors have recently modified their holdings of MDB. Cloud Capital Management LLC acquired a new stake in shares of MongoDB during the first quarter worth $25,000. Hollencrest Capital Management acquired a new stake in shares of MongoDB during the first quarter worth $26,000. Cullen Frost Bankers Inc. lifted its holdings in shares of MongoDB by 315.8% during the first 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. lifted its holdings in shares of 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 in the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of MongoDB during the second quarter worth $36,000. 89.29% of the stock is owned by institutional investors.

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.