Truist Financial Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective raised by Truist Financial from $400.00 to $450.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $490.00 target price (up previously from $400.00) on shares of MongoDB in a research note on Tuesday. Barclays boosted their price target on shares of MongoDB from $390.00 to $415.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group raised their price target on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research report on Tuesday. Macquarie boosted their price objective on MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Zacks Research lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $406.97.

MongoDB Stock Up 22.2%

MDB stock opened at $401.99 on Tuesday. MongoDB has a twelve month low of $140.78 and a twelve month high of $419.50. The company has a market cap of $32.71 billion, a P/E ratio of -462.06 and a beta of 1.45. The business’s fifty day moving average is $335.17 and its 200-day moving average is $270.37.

MongoDB (NASDAQ:MDB) last announced 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. MongoDB had a negative return on equity of 1.11% and a negative net margin of 3.06%.The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the previous year, the firm earned $1.16 earnings per share. 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 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the sale, the director owned 24,308 shares in the company, valued at approximately $7,971,322.44. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 90,173 shares of company stock valued at $29,484,646. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in MongoDB by 20.0% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after acquiring an additional 249 shares in the last quarter. Acadian Asset Management LLC raised its stake in MongoDB by 181.8% in the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after acquiring an additional 362,705 shares during the period. Red Spruce Capital LLC raised its position in shares of MongoDB by 11.8% in the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,426 shares during the period. Triton Financial Group Inc acquired a new position in MongoDB in the 2nd quarter valued at about $782,000. Finally, Jones Financial Companies Lllp raised its holdings in MongoDB by 875.2% in the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock valued at $1,745,000 after acquiring an additional 8,927 shares during the period. 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.