MongoDB (NASDAQ:MDB) Price Target Cut to $395.00 by Analysts at Royal Bank Of Canada

MongoDB (NASDAQ:MDB) had its price target reduced by Royal Bank Of Canada from $500.00 to $395.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $340.00 price objective on shares of MongoDB in a report on Tuesday. Truist Financial cut their price target on shares of MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays lifted their price objective on shares of MongoDB from $415.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Stifel Nicolaus increased their price objective on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Bank of America raised their target price on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $357.82.

MongoDB Trading Down 22.2%

Shares of MongoDB stock opened at $252.73 on Tuesday. MongoDB has a 12-month low of $140.78 and a 12-month high of $444.72. The firm’s 50 day simple moving average is $379.54 and its two-hundred day simple moving average is $352.01. The firm has a market capitalization of $20.57 billion, a price-to-earnings ratio of -287.19 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. The firm had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. On average, sell-side analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value 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. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 555 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the transaction, the chief accounting officer owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,354 shares of company stock worth $23,474,994 in the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently bought and sold shares of the business. Employees Provident Fund Board purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $203,365,000. Bank of Hawaii grew its stake in MongoDB by 1.8% in the 4th quarter. Bank of Hawaii now owns 4,012 shares of the company’s stock valued at $1,684,000 after acquiring an additional 72 shares during the period. Reflection Asset Management purchased a new stake in MongoDB in the 4th quarter worth $66,000. Sankala Group LLC acquired a new position in MongoDB during the fourth quarter worth $73,000. Finally, Pacer Advisors Inc. lifted its holdings in MongoDB by 78.5% during the fourth quarter. Pacer Advisors Inc. now owns 8,118 shares of the company’s stock valued at $3,407,000 after purchasing an additional 3,569 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 results beat expectations — stronger-than-expected revenue, EPS and Atlas growth, improved margins and rising free cash flow provide a solid operational base that supports longer‑term growth thesis. PR Newswire: Q4 Results
• Positive Sentiment: Several analysts remain constructive on MDB’s long-term story (AI positioning, Atlas cloud product) and some firms kept buy/overweight ratings despite lowering price targets, signaling that many sell‑side analysts view the pullback as valuation resetting. MarketBeat: Buying Opportunity
• Neutral Sentiment: Management will present at the Morgan Stanley TMT conference (Mar 4), which could provide fresh color on Atlas trends, sales cadence and the leadership transition. Investors may watch that for clarification. PR Newswire: Conference
• Neutral Sentiment: Some commentators and analysts say the market reaction may be overblown given the strong quarter and multi‑year growth drivers; that view could support a stabilization if management reassures investors. Seeking Alpha: Reaction Overblown
• Negative Sentiment: Guidance and Atlas growth outlook disappointed investors — management’s forward commentary and near‑term guidance were viewed as muted relative to expectations, which is the primary driver of the selloff. Reuters: Guidance Reaction
• Negative Sentiment: Unexpected executive departures (senior go‑to‑market leaders) increased uncertainty about near‑term sales execution and exacerbated the stock drop. Blockonomi: Exec Departures
• Negative Sentiment: Widespread analyst price‑target cuts and at least one downgrade have amplified selling pressure; expect further volatility as sell‑side models are reworked. Benzinga: PT Cuts Summary
• Negative Sentiment: Heavy trading volume and rapid price decline increase the chance of short‑term technical weakness and institutional selling, even if fundamentals remain intact. Investopedia: Market Reaction

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.