MongoDB (NASDAQ:MDB) Cut to “Hold” at Wall Street Zen

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

Several other research analysts also recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 target price on shares of MongoDB in a report on Tuesday, January 20th. Citizens Jmp increased their target price on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 2nd. BMO Capital Markets boosted their price target on MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Oppenheimer reaffirmed an “outperform” rating on shares of MongoDB in a report on Monday, January 5th. Finally, Argus lifted their price objective on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $422.29.

MongoDB Stock Up 5.5%

Shares of MDB opened at $344.50 on Friday. The business has a 50-day simple moving average of $404.30 and a two-hundred day simple moving average of $336.68. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of -395.98 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. During the same period in the previous year, the company posted $1.16 EPS. The firm’s revenue was up 18.7% on a year-over-year basis. 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 anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the transaction, the director owned 194,600 shares in the company, valued at approximately $78,978,410. The trade was a 11.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $417.83, for a total value of $4,178,300.00. Following the transaction, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. This represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 78,353 shares of company stock valued at $31,060,758. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Central Pacific Bank Trust Division bought a new stake in shares of MongoDB during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC increased its holdings in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC bought a new stake in MongoDB during the 4th quarter valued at $33,000. Global Trust Asset Management LLC purchased a new stake in shares of MongoDB in the 4th quarter worth $38,000. Finally, 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 buying an additional 51 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

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.