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

MongoDB (NASDAQ:MDB) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other equities research analysts also recently issued reports on the stock. Mizuho boosted their target price on shares of MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Robert W. Baird boosted their price objective on shares of MongoDB from $335.00 to $500.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Macquarie Infrastructure increased their target price on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Raymond James Financial started coverage on MongoDB in a report on Monday, December 15th. They issued a “market perform” rating on the stock. Finally, Sanford C. Bernstein boosted their price target on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $422.29.

MongoDB Price Performance

MDB opened at $368.40 on Friday. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72. The stock has a market capitalization of $29.98 billion, a P/E ratio of -423.45 and a beta of 1.38. The business has a 50 day simple moving average of $401.94 and a 200-day simple moving average of $341.91.

MongoDB (NASDAQ:MDB) last announced 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. MongoDB had a negative return on equity of 1.12% 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 quarter last year, the business posted $1.16 earnings per share. The business’s revenue for the quarter 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. Research analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other news, 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 transaction of $660,617.10. Following the completion of the sale, the director directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This represents a 5.75% 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 Roelof Botha sold 24,850 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the transaction, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. This represents a 11.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 62,353 shares of company stock valued at $25,440,798. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of MDB. Arete Wealth Advisors LLC bought a new stake in MongoDB in the 4th quarter valued at $220,000. Kestra Advisory Services LLC boosted its position in shares of MongoDB by 38.2% during the 4th quarter. Kestra Advisory Services LLC now owns 1,582 shares of the company’s stock valued at $664,000 after acquiring an additional 437 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in MongoDB in the fourth quarter valued at about $695,000. Transamerica Financial Advisors LLC raised its position in MongoDB by 2,620.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 816 shares of the company’s stock worth $342,000 after purchasing an additional 786 shares in the last quarter. Finally, Volterra Technologies LP bought a new position in MongoDB during the fourth quarter worth about $591,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Company Profile

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.