MongoDB (NASDAQ:MDB) Price Target Lowered to $275.00 at Scotiabank

MongoDB (NASDAQ:MDB) had its target price reduced by Scotiabank from $415.00 to $275.00 in a report published on Tuesday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently weighed in on MDB. Robert W. Baird reissued a “neutral” rating and issued a $260.00 target price (down from $500.00) on shares of MongoDB in a research note on Tuesday. Bank of America boosted their price objective on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $490.00 target price (up from $400.00) on shares of MongoDB in a report on Tuesday, December 2nd. Needham & Company LLC reduced their price target on MongoDB from $500.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Mizuho lowered their price target on MongoDB from $380.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $357.82.

MongoDB Price Performance

MongoDB stock opened at $252.73 on Tuesday. The company has a market cap of $20.57 billion, a price-to-earnings ratio of -287.19 and a beta of 1.40. The firm has a 50-day moving average of $379.54 and a 200-day moving average of $352.01. MongoDB has a one year low of $140.78 and a one year high of $444.72.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. The business had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.MongoDB’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 earnings per share. As a group, sell-side analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the sale, the director directly owned 1,041,316 shares of the company’s stock, valued at approximately $435,093,064.28. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Roelof Botha sold 24,850 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the sale, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,354 shares of company stock worth $23,474,994 in the last ninety days. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of institutional investors have recently bought and sold shares of the business. ValueAct Holdings L.P. increased its holdings 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 during the period. Norges Bank acquired a new stake in MongoDB during the fourth quarter worth approximately $574,821,000. AQR Capital Management LLC raised its holdings in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after acquiring an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. raised its holdings in MongoDB by 162.1% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after acquiring an additional 852,540 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of MongoDB by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after acquiring an additional 744,547 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB News Summary

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.