MongoDB (NASDAQ:MDB) Price Target Raised to $415.00 at DA Davidson

MongoDB (NASDAQ:MDB) had its price target upped by DA Davidson from $365.00 to $415.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on MDB. Sanford C. Bernstein lifted their price objective on shares of MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Morgan Stanley increased their target price on shares of MongoDB from $255.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of MongoDB in a report on Wednesday, October 8th. Stifel Nicolaus set a $375.00 price objective on shares of MongoDB in a research report on Tuesday. Finally, Monness Crespi & Hardt lifted their target price on MongoDB from $295.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $352.89.

MongoDB Stock Down 3.6%

Shares of MongoDB stock opened at $355.84 on Tuesday. The business has a fifty day simple moving average of $325.34 and a 200 day simple moving average of $246.39. The stock has a market cap of $28.95 billion, a PE ratio of -363.10 and a beta of 1.52. MongoDB has a 12 month low of $140.78 and a 12 month high of $385.44.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same period in the previous year, the company posted $0.70 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the sale, the director owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. This trade represents a 4.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $326.25, for a total value of $326,250.00. Following the transaction, the chief accounting officer directly owned 11,598 shares of the company’s stock, valued at approximately $3,783,847.50. This trade represents a 7.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 107,493 shares of company stock valued at $33,830,023. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new position in MongoDB in the first quarter valued at $26,000. Cullen Frost Bankers Inc. boosted its stake in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after buying an additional 120 shares during the last quarter. Montag A & Associates Inc. boosted its stake in shares of 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 buying an additional 101 shares during the last quarter. Promus Capital LLC bought a new position in shares of MongoDB in the 2nd quarter valued at about $36,000. Finally, TD Private Client Wealth LLC increased its position in shares of MongoDB by 2,825.0% in the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds 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.