Needham & Company LLC Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective hoisted by Needham & Company LLC from $365.00 to $480.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

MDB has been the topic of several other reports. BMO Capital Markets raised their price objective on shares of MongoDB from $365.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Truist Financial lifted their target price on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wells Fargo & Company upped their price target on MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday. Macquarie lifted their price objective 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. Finally, Royal Bank Of Canada boosted their target price on shares of MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday. One investment 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 MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $406.97.

MongoDB Stock Up 22.2%

NASDAQ MDB opened at $401.99 on Tuesday. MongoDB has a 52 week low of $140.78 and a 52 week high of $419.50. The company has a market capitalization of $32.71 billion, a P/E ratio of -462.06 and a beta of 1.45. The stock’s 50-day moving average price is $335.17 and its 200-day moving average price is $270.37.

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

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were 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 represents a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total transaction of $384,989.82. Following the completion of the transaction, the director directly owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. The trade was a 4.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 90,173 shares of company stock valued at $29,484,646 in the last three months. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Huntington National Bank grew its stake in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares during the last quarter. TD Private Client Wealth LLC increased its stake in MongoDB by 2,825.0% in the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares during the period. Hollencrest Capital Management bought a new position in shares of MongoDB in the third quarter worth about $37,000. Westside Investment Management Inc. lifted its holdings in MongoDB by 82.1% during the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after buying an additional 55 shares in the last quarter. Finally, Strategic Advocates LLC bought a new position in MongoDB in the 3rd quarter worth about $43,000. 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.