MongoDB (NASDAQ:MDB) Given New $488.00 Price Target at Argus

MongoDB (NASDAQ:MDB) had its price objective raised by Argus from $340.00 to $488.00 in a report released on Thursday morning,Benzinga reports. Argus currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Citizens Jmp upped their price target on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a report on Tuesday. Oppenheimer boosted their price objective on shares of MongoDB from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group upped their target price on shares of MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus increased their target price on shares of MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Guggenheim boosted their price target on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $415.39.

MongoDB Trading Down 2.3%

Shares of MDB stock opened at $396.73 on Thursday. The firm has a fifty day moving average price of $338.61 and a 200 day moving average price of $272.19. The company has a market cap of $32.28 billion, a P/E ratio of -456.01 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 posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The company had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.MongoDB’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last 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 forecast that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction 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 approximately $345,543,017.40. The trade was a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the transaction, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 95,172 shares of company stock worth $31,450,450. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Large investors have recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after purchasing an additional 40 shares in the last quarter. Brooklyn Investment Group raised its position in MongoDB by 7.4% in the 3rd quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock valued at $211,000 after buying an additional 47 shares during the last quarter. Huntington National Bank lifted its stake in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares in the last quarter. GAMMA Investing LLC lifted its stake in MongoDB by 46.2% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after acquiring an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its position in MongoDB by 82.1% during the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other 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.