Oppenheimer Cuts MongoDB (NASDAQ:MDB) Price Target to $375.00

MongoDB (NASDAQ:MDB) had its target price decreased by Oppenheimer from $425.00 to $375.00 in a research report released on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Argus boosted their target price on MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Monness Crespi & Hardt dropped their price objective on MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 target price on shares of MongoDB in a research note on Monday, January 5th. Wells Fargo & Company lifted their price target on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $354.18.

MongoDB Trading Up 6.4%

Shares of MDB stock opened at $263.93 on Tuesday. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72. The firm’s 50 day moving average is $372.37 and its 200-day moving average is $350.67. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of -299.92, a PEG ratio of 1,462.32 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results 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. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same quarter last year, the business posted $1.28 earnings per share. MongoDB’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, equities research analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the transaction, the director directly owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction on Monday, December 8th. The shares were 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 directly owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This trade represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,504 shares of company stock valued at $13,389,622 in the last 90 days. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its holdings in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after acquiring an additional 327 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after purchasing an additional 1,504 shares during the period. Sivia Capital Partners LLC bought a new stake in MongoDB during the 2nd quarter worth approximately $329,000. AlphaQuest LLC increased its stake in MongoDB by 257.1% during the 2nd quarter. AlphaQuest LLC now owns 650 shares of the company’s stock worth $136,000 after purchasing an additional 468 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in MongoDB during the 2nd quarter worth approximately $499,000. 89.29% of the stock is currently owned by institutional investors.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company expands AI capabilities — MongoDB announced new embedding models, vector search tools and APIs in Atlas to simplify building AI apps, a product push that supports long‑term revenue mix and Atlas adoption. MongoDB Expands AI Capabilities
• Positive Sentiment: Analyst upgrade — Scotiabank raised MDB from “sector perform” to “sector outperform” and lifted its price target to $310, signaling research confidence from at least one regional bank. Scotiabank Upgrade (Benzinga)
• Positive Sentiment: High price targets / buy ratings remain from several firms — Citigroup set a $400 PT and Rosenblatt reaffirmed a Buy rating, showing pockets of analyst conviction above current levels. Citigroup $400 PT
• Neutral Sentiment: Unusual options flow — Extremely large volumes of both calls (~36,130) and puts (~23,831) were traded, indicating speculative positioning and increased short‑term volatility rather than a clear directional bet.
• Neutral Sentiment: Mixed analyst target moves — A few shops trimmed targets (e.g., Canaccord to $375, UBS to $275) while others kept higher targets; the net effect is increased dispersion in expectations. Canaccord PT Cut UBS PT Cut
• Negative Sentiment: Guidance disappointed — Q4 results beat on revenue and EPS, but fiscal‑2027 guidance still implies operating losses (and management changes were announced), which triggered the prior session’s heavy selloff. Why MDB Is Down 19.1%
• Negative Sentiment: Downgrades and cautious notes — Zacks moved MDB from “strong‑buy” to “hold” and several firms expressed more conservative outlooks, adding pressure after the guidance miss. Zacks Downgrade
• Negative Sentiment: Analyst pessimism reported — Barclays and Monness issued more negative commentary/forecasts that contributed to the recent gap down and investor caution. Barclays Pessimistic Forecast Monness Notes

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.