MongoDB (NASDAQ:MDB) Price Target Lowered to $425.00 at Oppenheimer

MongoDB (NASDAQ:MDB) had its target price cut by Oppenheimer from $490.00 to $425.00 in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

A number of other analysts have also weighed in on MDB. BMO Capital Markets upped their price target on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Citizens Jmp upped 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. Needham & Company LLC reiterated a “buy” rating and set a $500.00 price target on shares of MongoDB in a research report on Tuesday, January 20th. Mizuho boosted their price objective on MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Truist Financial upped 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $422.97.

MongoDB Trading Up 2.5%

Shares of NASDAQ MDB opened at $363.07 on Wednesday. MongoDB has a 12-month low of $140.78 and a 12-month high of $444.72. The company has a market cap of $29.55 billion, a PE ratio of -417.32 and a beta of 1.38. The stock has a 50 day simple moving average of $398.45 and a 200-day simple moving average of $344.58.

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, topping analysts’ consensus estimates of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm’s quarterly revenue 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. Sell-side analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 1,190 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the transaction, the director directly owned 80,462 shares in the company, valued at $29,750,824.50. The trade was a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,353 shares of company stock worth $25,440,798 over the last three months. 3.10% of the stock is owned by insiders.

Institutional Trading of MongoDB

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of MongoDB by 5.0% in the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after acquiring an additional 431,382 shares during the last quarter. ValueAct Holdings L.P. boosted its position in MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares during the last quarter. State Street Corp grew its stake in MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after purchasing an additional 40,219 shares in the last quarter. Amundi increased its position in MongoDB by 61.3% in the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MongoDB by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares in the last quarter. 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.