MongoDB (NASDAQ:MDB) Price Target Lowered to $380.00 at Wedbush

MongoDB (NASDAQ:MDB) had its price target reduced by Wedbush from $440.00 to $380.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $425.00 price objective on shares of MongoDB in a research note on Monday. Wells Fargo & Company lifted their price target on MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. KeyCorp restated a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Monness Crespi & Hardt decreased their target price on MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus boosted their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $357.82.

MongoDB Trading Down 22.2%

NASDAQ MDB opened at $252.73 on Tuesday. The business has a fifty day simple moving average of $379.54 and a 200 day simple moving average of $352.01. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72. The firm has a market capitalization of $20.57 billion, a P/E ratio of -287.19 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted 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. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. This trade represents a 1.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $10,085,372.50. Following the sale, the director directly owned 194,600 shares in the company, valued at $78,978,410. The trade was a 11.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 57,354 shares of company stock valued at $23,474,994 in the last three months. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently made changes to their positions in MDB. Cornerstone Planning Group LLC boosted its stake in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of MongoDB during the fourth quarter valued at about $28,000. Huntington National Bank lifted its holdings in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB in the fourth quarter valued at approximately $33,000. Finally, Montag A & Associates Inc. grew its stake in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.