DA Davidson Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective hoisted by DA Davidson from $415.00 to $465.00 in a research note published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on MDB. Cantor Fitzgerald raised their price objective on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Research cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Sanford C. Bernstein upped their price objective on shares of MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group raised their target price on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus set a $375.00 price target on MongoDB in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $406.97.

MongoDB Price Performance

Shares of MongoDB stock opened at $401.99 on Tuesday. The stock has a market cap of $32.71 billion, a PE ratio of -462.06 and a beta of 1.45. The firm has a fifty day moving average price of $335.17 and a 200 day moving average price of $270.37. MongoDB has a 1 year low of $140.78 and a 1 year high of $419.50.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.11%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, equities analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling

In other news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the transaction, the director owned 32,293 shares in the company, valued at $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the director directly owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. This trade represents a 2.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 90,173 shares of company stock worth $29,484,646 in the last 90 days. 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 the business. Meiji Yasuda Asset Management Co Ltd. grew its stake in MongoDB by 3.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after acquiring an additional 40 shares in the last quarter. Brooklyn Investment Group lifted its stake in MongoDB by 7.4% in the 3rd quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock worth $211,000 after purchasing an additional 47 shares in the last quarter. Huntington National Bank boosted its holdings in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the last quarter. GAMMA Investing LLC grew its position in shares of MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after purchasing an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. grew its position in shares of MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.