Piper Sandler Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective raised by Piper Sandler from $275.00 to $345.00 in a research report report published on Wednesday morning, Marketbeat reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $320.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Macquarie restated a “neutral” rating and set a $230.00 target price (up from $215.00) on shares of MongoDB in a report on Friday, June 6th. Monness Crespi & Hardt upped their price target on MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday. Scotiabank increased their price target on MongoDB from $160.00 to $230.00 and gave the company a “sector perform” rating in a report on Thursday, June 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $290.00 price objective on shares of MongoDB in a research report on Friday, August 22nd. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.71.

MongoDB Stock Performance

Shares of MDB opened at $295.70 on Wednesday. The stock has a 50 day moving average price of $218.36 and a 200 day moving average price of $206.87. MongoDB has a one year low of $140.78 and a one year high of $370.00. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of -301.73 and a beta of 1.44.

MongoDB (NASDAQ:MDB) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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 company posted $0.51 EPS. The firm’s quarterly revenue 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, analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares of the company’s stock, valued at $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of MongoDB stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the sale, the chief executive officer owned 256,974 shares of the company’s stock, valued at approximately $60,131,916. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock valued at $11,936,656 over the last 90 days. 3.10% of the stock is owned by insiders.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Cloud Capital Management LLC acquired a new position in MongoDB during the first quarter worth $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB in the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. raised its holdings in shares of MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 120 shares during the period. Montag A & Associates Inc. lifted its stake in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 101 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in MongoDB during the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.