MongoDB (NASDAQ:MDB) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of MongoDB (NASDAQ:MDB) from a hold rating to a strong sell rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Raymond James Financial assumed coverage on MongoDB in a research note on Monday, December 15th. They issued a “market perform” rating for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $260.00 target price (down from $500.00) on shares of MongoDB in a research note on Tuesday, March 3rd. Mizuho upgraded MongoDB from a “neutral” rating to an “outperform” rating and upped their target price for the company from $290.00 to $325.00 in a report on Monday, March 23rd. Wells Fargo & Company reduced their price target on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Finally, Canaccord Genuity Group decreased their price target on shares of MongoDB from $455.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $360.03.

MongoDB Stock Performance

NASDAQ MDB opened at $253.12 on Tuesday. The firm’s 50 day moving average price is $311.62 and its two-hundred day moving average price is $347.06. MongoDB has a twelve month low of $140.78 and a twelve month high of $444.72. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of -287.64 and a beta of 1.60.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. On average, research analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $407.70, for a total transaction of $4,077,000.00. Following the completion of the sale, the director directly owned 1,031,316 shares of the company’s stock, valued at $420,467,533.20. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 18,329 shares of company stock valued at $7,465,668. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Cornerstone Planning Group LLC lifted its stake in MongoDB by 1,220.0% in 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 during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB during the 4th quarter worth $28,000. Huntington National Bank increased 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 last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB during the 4th quarter valued at $33,000. Finally, Promus Capital LLC bought a new position in shares of MongoDB during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Unusually large call buying — traders purchased roughly 36,130 call options (~+2,077% vs. average), signaling aggressive bullish bets or directional hedging by speculators. Article Title
• Neutral Sentiment: Options flow is mixed — alongside the surge in calls, about 23,831 put options were also bought (~+2,157% vs. average), suggesting substantial two‑sided positioning and higher near-term volatility expectations.
• Negative Sentiment: Zacks downgraded MDB from “hold” to “strong sell,” a clear near‑term bearish catalyst that can increase selling pressure from investors tracking sell‑side signals. Article Title
• Negative Sentiment: Recent coverage highlights that MDB is down since its last earnings report (~-3.2%), keeping focus on whether revenue/guide trends justify the current multiple and raising caution among momentum investors. Article Title

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.