MongoDB, Inc. (NASDAQ:MDB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of MongoDB, Inc. (NASDAQ:MDB) have earned an average rating of “Moderate Buy” from the thirty-eight research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twenty-six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $354.1818.

Several equities analysts recently weighed in on the stock. Wedbush cut their price target on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Citigroup decreased their price objective on shares of MongoDB from $435.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Sanford C. Bernstein downgraded shares of MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. Finally, Bank of America reissued a “buy” rating on shares of MongoDB in a report on Tuesday, March 3rd.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Large call buying: Investors purchased an unusually high number of call options (36,130), signaling sizable bullish speculative interest and potential upside hedging from institutional players. MongoDB Options Surge Sparks Nasdaq Composite Focus
• Positive Sentiment: Brokerage consensus leans buy: Recent write-ups summarize that the average brokerage recommendation favors investing in MDB, which can support demand for shares if upgrades or reiterated buys follow. Brokers Suggest Investing in MongoDB (Yahoo)
• Neutral Sentiment: High-profile mention: Jim Cramer previously highlighted MDB as an AI-related pick, keeping the name in retail and cable-driven rotation; useful for attention but not new fundamental information. Jim Cramer Recommended MongoDB
• Neutral Sentiment: Analyst coverage context: Multiple pieces revisit the role and limits of sell‑side recommendations — supportive but often optimistic, so coverage may buoy shares without changing fundamentals. Zacks: Brokers Suggest Investing in MongoDB
• Negative Sentiment: Heavy put buying: Investors also purchased a large number of put options (23,831), a bearish signal that can indicate downside hedging or directional bets and can pressure the stock if sellers hedge by selling shares. Investors Buy Large Volume of Put Options on MongoDB
• Negative Sentiment: Unusually large overall options flow: Multiple outlets report extremely elevated options volume (both calls and puts up ~2,000% vs. normal), which typically increases short‑term volatility and can accelerate downside moves as hedging flows play out. MongoDB Target of Unusually Large Options Trading

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the transaction, the director owned 80,462 shares in the company, 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 SEC, which is accessible through this link. Over the last 90 days, insiders sold 19,383 shares of company stock worth $7,910,983. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of hedge funds have recently modified their holdings of MDB. Cornerstone Planning Group LLC raised its position in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in MongoDB in the 4th quarter worth approximately $28,000. Huntington National Bank grew its stake in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of MongoDB during the 4th quarter worth approximately $33,000. Finally, Promus Capital LLC purchased a new position in shares of MongoDB during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB stock opened at $261.16 on Friday. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of -296.77 and a beta of 1.40. The business has a fifty day moving average of $338.48 and a 200 day moving average of $351.90. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72.

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

About MongoDB

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.