MongoDB (NASDAQ:MDB) Receives “Neutral” Rating from Guggenheim

Guggenheim restated their neutral rating on shares of MongoDB (NASDAQ:MDB) in a research report released on Tuesday, Marketbeat.com reports. The brokerage currently has a $400.00 price objective on the stock.

A number of other equities analysts have also recently commented on MDB. Sanford C. Bernstein boosted their price target 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. Scotiabank raised their price objective on shares of MongoDB from $280.00 to $320.00 and gave the company a “sector perform” rating in a research report on Friday, September 19th. Barclays upped their target price on shares of MongoDB from $305.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of MongoDB in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $354.97.

MongoDB Trading Down 0.5%

MDB stock opened at $337.86 on Tuesday. The firm has a 50 day moving average of $332.97 and a 200-day moving average of $259.63. MongoDB has a 12 month low of $140.78 and a 12 month high of $385.44. The firm has a market capitalization of $27.49 billion, a P/E ratio of -344.76 and a beta of 1.52.

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

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $338.52, for a total value of $3,385,200.00. Following the transaction, the director owned 1,055,316 shares in the company, valued at approximately $357,245,572.32. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles M. Hazard, Jr. sold 833 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $383.72, for a total value of $319,638.76. Following the completion of the sale, the director owned 45,700 shares of the company’s stock, valued at approximately $17,536,004. This trade represents a 1.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 124,492 shares of company stock valued at $39,833,319 in the last quarter. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of MDB. Huntington National Bank boosted its position in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares in the last quarter. Montag A & Associates Inc. lifted its stake in shares of MongoDB by 144.3% in the 2nd 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. Promus Capital LLC purchased a new position in shares of MongoDB in the 2nd quarter valued at approximately $36,000. TD Private Client Wealth LLC boosted its position in shares of MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in MongoDB in the third quarter worth $37,000. Hedge funds and other institutional investors 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.