MongoDB (NASDAQ:MDB) Given Outperform Rating at Wedbush

Wedbush reiterated their outperform rating on shares of MongoDB (NASDAQ:MDB) in a report released on Wednesday morning,Benzinga reports. They currently have a $300.00 price objective on the stock.

MDB has been the subject of a number of other reports. Cantor Fitzgerald raised their price target on MongoDB from $252.00 to $271.00 and gave the stock an “overweight” rating in a research note on Thursday, June 5th. Wolfe Research increased their target price on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday. Monness Crespi & Hardt lifted their target price on MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Research raised shares of MongoDB to a “hold” rating in a research note on Friday, August 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $307.71.

MongoDB Trading Up 38.0%

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

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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. The company 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 firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, sell-side analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Monday, July 28th. The shares were 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 directly owned 236,557 shares of the company’s stock, valued at approximately $57,693,886.73. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director owned 1,104,316 shares in the company, valued at $270,557,420. This represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,416 shares of company stock worth $11,936,656 in the last three months. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Cloud Capital Management LLC acquired a new stake in MongoDB in the first quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. lifted 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 valued at $28,000 after purchasing an additional 120 shares during the last quarter. Montag A & Associates Inc. boosted its position in shares of MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in MongoDB during the 2nd quarter worth $36,000. Hedge funds and other institutional investors 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.