MongoDB (NASDAQ:MDB) Given New $350.00 Price Target at Royal Bank Of Canada

MongoDB (NASDAQ:MDB) had its price target upped by Royal Bank Of Canada from $320.00 to $350.00 in a report issued on Wednesday, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the stock.

MDB has been the topic of several other reports. Piper Sandler raised their price objective on MongoDB from $275.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday. Monness Crespi & Hardt upped their price objective on shares of MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday. Loop Capital lowered shares of MongoDB from a “buy” rating to a “hold” rating and reduced their price target for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Finally, Scotiabank boosted their price objective on shares of MongoDB from $160.00 to $230.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $307.71.

MongoDB Price Performance

MongoDB stock opened at $295.70 on Wednesday. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of -301.73 and a beta of 1.44. The firm has a 50-day moving average of $218.36 and a two-hundred day moving average of $206.87. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00.

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

Insider Activity

In other news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the completion of the sale, the chief executive officer owned 236,557 shares in the company, valued at approximately $57,693,886.73. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares of the company’s stock, valued at $4,241,983.68. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,416 shares of company stock worth $11,936,656. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently modified their holdings of the stock. Cloud Capital Management LLC purchased a new position in shares of MongoDB in the 1st quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new stake in MongoDB during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. increased its stake in MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of MongoDB by 144.3% in 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 during the last quarter. Finally, Promus Capital LLC purchased a new position in shares of MongoDB in the second quarter worth $36,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.