MongoDB (NASDAQ:MDB) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of MongoDB (NASDAQ:MDB) in a research report released on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $500.00 price target on the stock.

Other equities research analysts have also issued reports about the company. Barclays upped their price objective on MongoDB from $415.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Argus upped their price target on MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Truist Financial lifted their price objective on MongoDB from $450.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Wells Fargo & Company increased their target price on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.29.

MongoDB Trading Down 3.7%

Shares of NASDAQ MDB opened at $384.82 on Tuesday. The firm has a market capitalization of $31.32 billion, a price-to-earnings ratio of -442.32 and a beta of 1.38. MongoDB has a one year low of $140.78 and a one year high of $444.72. The business has a fifty day simple moving average of $394.10 and a 200 day simple moving average of $323.38.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. The firm had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 EPS. 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, 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 Dwight A. Merriman sold 1,139 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $388.31, for a total value of $442,285.09. Following the completion of the sale, the director owned 81,652 shares of the company’s stock, valued at $31,706,288.12. This trade represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,162 shares of company stock valued at $32,384,092 over the last three months. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in MongoDB by 11.8% during the 4th quarter. Signaturefd LLC now owns 1,258 shares of the company’s stock worth $528,000 after purchasing an additional 133 shares during the last quarter. Ascent Group LLC grew its position in shares of MongoDB by 9.2% during the 4th quarter. Ascent Group LLC now owns 1,194 shares of the company’s stock worth $501,000 after buying an additional 101 shares during the period. Savvy Advisors Inc. raised its stake in shares of MongoDB by 5.0% during the fourth quarter. Savvy Advisors Inc. now owns 928 shares of the company’s stock worth $389,000 after buying an additional 44 shares during the last quarter. Perpetual Ltd acquired a new position in MongoDB in the fourth quarter valued at approximately $803,000. Finally, Global Trust Asset Management LLC acquired a new stake in MongoDB during the 4th quarter worth $38,000. Institutional investors own 89.29% of the company’s stock.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.