MongoDB (NASDAQ:MDB) Price Target Lowered to $428.00 at Sanford C. Bernstein

MongoDB (NASDAQ:MDB) had its price target reduced by Sanford C. Bernstein from $452.00 to $428.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Raymond James Financial started coverage on MongoDB in a report on Monday, December 15th. They issued a “market perform” rating for the company. KeyCorp reaffirmed a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $425.00 target price on shares of MongoDB in a research report on Monday. Finally, DA Davidson lowered their price target on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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 P/E ratio of -287.19 and a beta of 1.40. The stock has a 50 day moving average of $379.54 and a 200-day moving average of $352.01.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $669.40 million. During the same period in the prior year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. As a group, equities analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director directly owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This trade represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Roelof Botha sold 24,850 shares of the firm’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 in the company, valued at $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 57,354 shares of company stock worth $23,474,994. Company insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Large investors have recently modified their holdings of the company. Clark Financial Services Group Inc. BD boosted its stake in MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after purchasing an additional 25 shares during the period. Root Financial Partners LLC raised its holdings in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares during the last quarter. True Wealth Design LLC boosted its position in shares of MongoDB by 9.4% during the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after buying an additional 36 shares during the period. HighPoint Advisor Group LLC grew its holdings in MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after buying an additional 36 shares in the last quarter. Finally, Lido Advisors LLC increased its position in MongoDB by 3.4% in the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key Headlines 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.