MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

MongoDB, Inc. (NASDAQ:MDB) has earned a consensus rating of “Moderate Buy” from the thirty-eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, twenty-six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $422.9697.

A number of equities analysts have recently weighed in on MDB shares. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Scotiabank lifted their target price on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 2nd. Piper Sandler reissued an “overweight” rating and set a $490.00 price target (up previously from $400.00) on shares of MongoDB in a research note on Tuesday, December 2nd. UBS Group raised their price objective on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley upped their target price on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $305.37 on Tuesday. The business’s fifty day moving average price is $393.46 and its two-hundred day moving average price is $347.63. The stock has a market cap of $24.85 billion, a PE ratio of -351.00 and a beta of 1.38. MongoDB has a one year low of $140.78 and a one year high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share 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 analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, equities research analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director owned 25,659 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the 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 transaction, the director directly owned 194,600 shares in the company, valued at approximately $78,978,410. This represents a 11.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,353 shares of company stock valued at $25,440,798 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after purchasing an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. lifted its stake in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp boosted its position in shares of MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after buying an additional 40,219 shares during the period. Amundi grew its stake in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 valued at $604,429,000 after buying an additional 9,693 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.