MongoDB (NASDAQ:MDB) Price Target Raised to $315.00 at BMO Capital Markets

MongoDB (NASDAQ:MDB) had its target price upped by BMO Capital Markets from $280.00 to $315.00 in a report issued on Wednesday morning, MarketBeat reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Stephens initiated coverage on MongoDB in a report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 target price for the company. Zacks Research upgraded MongoDB to a “hold” rating in a research report on Friday, August 8th. Macquarie reissued a “neutral” rating and set a $230.00 price objective (up from $215.00) on shares of MongoDB in a report on Friday, June 6th. Barclays boosted their target price on shares of MongoDB from $270.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Scotiabank increased their target price on shares of MongoDB from $160.00 to $230.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $307.71.

MongoDB Stock Performance

Shares of MDB stock opened at $295.70 on Wednesday. The firm has a fifty day moving average of $218.36 and a 200-day moving average of $206.87. 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 has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating 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 business had revenue of $549.01 million for the quarter, compared to analysts’ expectations of $527.49 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter 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. On average, sell-side analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director owned 1,104,316 shares in the company, valued at $270,557,420. The trade was a 0.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the company’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 transaction, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This represents a 5.27% 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 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently added to or reduced their stakes in the company. Main Management ETF Advisors LLC raised its holdings in MongoDB by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock worth $770,000 after purchasing an additional 60 shares during the last quarter. Carnegie Investment Counsel raised its stake in shares of MongoDB by 3.6% during the second quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock worth $379,000 after buying an additional 62 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in MongoDB by 0.4% in the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company’s stock valued at $2,599,000 after buying an additional 65 shares during the period. New York Life Investment Management LLC lifted its holdings in MongoDB by 6.2% in the second quarter. New York Life Investment Management LLC now owns 1,236 shares of the company’s stock valued at $260,000 after buying an additional 72 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in MongoDB by 2.6% in the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company’s stock valued at $530,000 after acquiring an additional 77 shares during the last quarter. 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.