MongoDB (NASDAQ:MDB) Price Target Raised to $312.00 at Cantor Fitzgerald

MongoDB (NASDAQ:MDB) had its target price boosted by Cantor Fitzgerald from $271.00 to $312.00 in a research report released on Wednesday morning, Marketbeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other analysts have also recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of MongoDB in a research note on Thursday, June 26th. Monness Crespi & Hardt raised their price target on shares of MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler lifted their price objective on shares of MongoDB from $275.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday. Loop Capital cut shares of MongoDB from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Finally, Citigroup increased their target price on shares of MongoDB from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.71.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $295.70 on Wednesday. MongoDB has a one year low of $140.78 and a one year high of $370.00. The business’s 50-day moving average price is $218.36 and its two-hundred day moving average price is $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 posted its quarterly 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. The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative return on equity of 1.76% and a negative net margin of 3.54%.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, equities analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other 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 value 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the transaction, the director directly owned 1,107,006 shares of the company’s stock, valued at $259,039,404. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,416 shares of company stock valued at $11,936,656 in the last quarter. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

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