MongoDB (NASDAQ:MDB) Upgraded to Buy at Wall Street Zen

MongoDB (NASDAQ:MDB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Piper Sandler reaffirmed an “overweight” rating and set a $490.00 price target (up from $400.00) on shares of MongoDB in a research note on Tuesday. Morgan Stanley raised their target price on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday. Guggenheim boosted their price target on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their target price on MongoDB from $405.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $415.39.

MongoDB Price Performance

Shares of MongoDB stock opened at $409.62 on Friday. The firm has a market cap of $33.33 billion, a price-to-earnings ratio of -470.83 and a beta of 1.45. The stock’s 50-day moving average is $340.44 and its 200-day moving average is $273.72. MongoDB has a one year low of $140.78 and a one year high of $419.50.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The business 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 1.12% 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 company 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 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, Director Charles M. Hazard, Jr. sold 833 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $326.13, for a total transaction of $271,666.29. Following the completion of the sale, the director owned 44,867 shares of the company’s stock, valued at $14,632,474.71. This trade represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $410.00, for a total transaction of $1,640,000.00. Following the transaction, the director directly owned 1,051,316 shares of the company’s stock, valued at approximately $431,039,560. This trade represents a 0.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 95,172 shares of company stock valued at $31,450,450. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. grew its stake 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 acquiring an additional 40 shares in the last quarter. Brooklyn Investment Group boosted its holdings 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 purchasing an additional 47 shares during the period. Huntington National Bank grew its position in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares in the last quarter. GAMMA Investing LLC grew its position in shares of MongoDB by 46.2% during the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after purchasing an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds 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.