MongoDB, Inc. (NASDAQ:MDB) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of MongoDB, Inc. (NASDAQ:MDB) have received a consensus rating of “Moderate Buy” from the forty analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $354.9722.

Several equities research analysts have recently weighed in on the company. Wolfe Research upped their target price on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Barclays lifted their price objective on shares of MongoDB from $305.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Wedbush boosted their target price on shares of MongoDB from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Truist Financial raised their price target on shares of MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a report on Monday, November 3rd.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 33,320 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the sale, the chief executive officer directly owned 203,237 shares of the company’s stock, valued at approximately $61,233,275.73. This represents a 14.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of MongoDB stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 114,492 shares of company stock valued at $36,448,119 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Several large investors have recently made changes to their positions in the company. Hollencrest Capital Management bought a new position in MongoDB in the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. boosted its position in 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 acquiring an additional 120 shares during the period. Huntington National Bank grew its stake in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the period. Finally, Promus Capital LLC acquired a new position in shares of MongoDB during the second quarter valued at $36,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Up 0.4%

MDB stock opened at $352.61 on Friday. The company has a market cap of $28.69 billion, a price-to-earnings ratio of -359.81 and a beta of 1.52. The business has a fifty day simple moving average of $332.51 and a 200-day simple moving average of $256.68. MongoDB has a 52 week low of $140.78 and a 52 week high of $385.44.

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

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.