MongoDB (NASDAQ:MDB) Price Target Lowered to $330.00 at Stifel Nicolaus

MongoDB (NASDAQ:MDB) had its price objective trimmed by Stifel Nicolaus from $450.00 to $330.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Guggenheim reaffirmed a “buy” rating and set a $475.00 target price on shares of MongoDB in a research report on Tuesday. Argus increased their price objective on MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Canaccord Genuity Group raised their target price on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Citizens Jmp boosted their price objective on shares of MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 2nd. Finally, Morgan Stanley increased 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. Two 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $357.82.

MongoDB Trading Down 22.2%

MongoDB stock opened at $252.73 on Tuesday. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72. The stock has a market cap of $20.57 billion, a price-to-earnings ratio of -287.19 and a beta of 1.40. The company’s 50-day moving average price is $379.54 and its two-hundred day moving average price is $352.01.

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

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $417.83, for a total value of $4,178,300.00. Following the completion of the transaction, the director directly owned 1,041,316 shares of the company’s stock, valued at approximately $435,093,064.28. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 value of $10,085,372.50. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 57,354 shares of company stock worth $23,474,994. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently made changes to their positions in the company. Employees Provident Fund Board bought a new position in MongoDB during the 4th quarter valued at about $203,365,000. Bank of Hawaii increased its holdings in shares of MongoDB by 1.8% during the fourth quarter. Bank of Hawaii now owns 4,012 shares of the company’s stock worth $1,684,000 after buying an additional 72 shares in the last quarter. Reflection Asset Management acquired a new stake in shares of MongoDB during the fourth quarter worth approximately $66,000. Sankala Group LLC bought a new position in shares of MongoDB in the fourth quarter valued at approximately $73,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of MongoDB by 78.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,118 shares of the company’s stock worth $3,407,000 after acquiring an additional 3,569 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

More MongoDB News

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.