UBS Group Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target boosted by UBS Group from $240.00 to $310.00 in a report published on Wednesday, MarketBeat reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Macquarie reaffirmed a “neutral” rating and issued a $230.00 price objective (up previously from $215.00) on shares of MongoDB in a research note on Friday, June 6th. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research note on Thursday, June 26th. Scotiabank lifted their price objective on shares of MongoDB from $230.00 to $280.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Needham & Company LLC lifted their price objective on shares of MongoDB from $270.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of MongoDB in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued 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 a consensus target price of $307.71.

MongoDB Trading Up 38.0%

MDB stock opened at $295.70 on Wednesday. MongoDB has a 52 week low of $140.78 and a 52 week high of $370.00. The company has a market capitalization of $24.16 billion, a price-to-earnings ratio of -301.73 and a beta of 1.44. The firm’s 50-day moving average is $218.36 and its two-hundred day moving average is $206.87.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS 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 the consensus estimate of $527.49 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. MongoDB’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous 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, equities research analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction that occurred on Tuesday, June 17th. The shares were 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred 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 directly owned 1,107,006 shares in the company, valued at approximately $259,039,404. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,416 shares of company stock valued at $11,936,656 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after purchasing an additional 744,547 shares during the period. State Street Corp boosted its holdings in shares of 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 purchasing an additional 80,334 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 68,611 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of MongoDB by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after purchasing an additional 129,451 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares during the period. 89.29% of the stock is owned by hedge funds and other 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.