MongoDB (NASDAQ:MDB) Price Target Raised to $345.00 at Bank of America

MongoDB (NASDAQ:MDB) had its target price increased by Bank of America from $275.00 to $345.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on the company. Wolfe Research increased their price objective on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday. William Blair reissued an “outperform” rating on shares of MongoDB in a report on Thursday, June 26th. Monness Crespi & Hardt increased their price target on MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday. Guggenheim increased their price target on MongoDB from $260.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Scotiabank raised their price objective on MongoDB from $230.00 to $280.00 and gave the stock a “sector perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.71.

MongoDB Stock Up 38.0%

Shares of NASDAQ MDB opened at $295.70 on Wednesday. The stock’s 50 day moving average price is $218.36 and its two-hundred day moving average price is $206.87. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00. The stock 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 announced 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 business had revenue of $549.01 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm 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 anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 25,005 shares of MongoDB 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 owned 256,974 shares in the company, valued at $60,131,916. This trade represents a 8.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares in the company, valued at $259,039,404. This trade represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock worth $11,936,656 in the last quarter. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Institutional investors have recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new stake in shares of MongoDB during the 1st quarter valued at about $25,000. Hollencrest Capital Management acquired a new position in MongoDB in the first quarter valued at about $26,000. Cullen Frost Bankers Inc. boosted its position in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 120 shares in the last quarter. Montag A & Associates Inc. boosted its position in MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in MongoDB in the second quarter valued at about $36,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.