MongoDB (NASDAQ:MDB) Price Target Raised to $425.00 at Rosenblatt Securities

MongoDB (NASDAQ:MDB) had its target price increased by Rosenblatt Securities from $385.00 to $425.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on MDB. Macquarie increased their price target on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Morgan Stanley boosted their target price on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday. Zacks Research downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Guggenheim raised their price target on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their price objective on MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday. One equities research 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. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $406.97.

MongoDB Trading Up 22.2%

Shares of MDB opened at $401.99 on Tuesday. The stock has a 50 day moving average of $335.17 and a 200 day moving average of $270.37. The company has a market capitalization of $32.71 billion, a price-to-earnings ratio of -462.06 and a beta of 1.45. MongoDB has a 12 month low of $140.78 and a 12 month high of $419.50.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The firm had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative return on equity of 1.11% and a negative net margin of 3.06%.The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. 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 research analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 32,293 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on 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 completion of the transaction, the director owned 1,055,316 shares of the company’s stock, valued at approximately $357,245,572.32. This trade represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 90,173 shares of company stock worth $29,484,646 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank boosted its position in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. TD Private Client Wealth LLC increased its holdings in MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares during the period. Hollencrest Capital Management purchased a new stake in MongoDB in the 3rd quarter worth approximately $37,000. Westside Investment Management Inc. lifted its stake in MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares in the last quarter. Finally, Strategic Advocates LLC bought a new position in MongoDB in the 3rd quarter valued at $43,000. 89.29% of the stock is currently owned by 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.