MongoDB (NASDAQ:MDB) Price Target Raised to $475.00 at Citizens Jmp

MongoDB (NASDAQ:MDB) had its price objective raised by Citizens Jmp from $435.00 to $475.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a market outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein increased their price objective on shares of MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday. Wall Street Zen lowered MongoDB from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Truist Financial boosted their price objective on MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Stifel Nicolaus set a $375.00 target price on shares of MongoDB in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada boosted their price target on shares of MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $406.97.

MongoDB Price Performance

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

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 1.11% and a negative net margin of 3.06%.The business’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Charles M. Hazard, Jr. sold 166 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $383.72, for a total transaction of $63,697.52. Following the sale, the director owned 14,161 shares of the company’s stock, valued at approximately $5,433,858.92. This trade represents a 1.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $338.52, for a total value of $3,385,200.00. Following the sale, the director directly owned 1,055,316 shares in the company, valued at approximately $357,245,572.32. This represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,173 shares of company stock worth $29,484,646 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of institutional investors have recently made changes to their positions in the business. Huntington National Bank lifted its position in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. Montag A & Associates Inc. boosted its position in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares during the period. Promus Capital LLC bought a new position in MongoDB in the 2nd quarter valued at about $36,000. TD Private Client Wealth LLC lifted its position in MongoDB by 2,825.0% during the third 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 last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of MongoDB during the third quarter worth approximately $37,000. Institutional investors own 89.29% of the company’s stock.

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.