MongoDB (NASDAQ:MDB) Downgraded by Wall Street Zen to Hold

MongoDB (NASDAQ:MDB) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also recently commented on MDB. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 3rd. Oppenheimer dropped their price target on MongoDB from $425.00 to $375.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Truist Financial dropped their price target on MongoDB from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MongoDB in a research report on Friday, March 27th. Finally, The Goldman Sachs Group lowered their target price on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $366.16.

MongoDB Stock Performance

Shares of MDB opened at $263.38 on Friday. MongoDB has a 52 week low of $148.88 and a 52 week high of $444.72. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of -299.30 and a beta of 1.60. The stock has a fifty day moving average of $283.43 and a 200-day moving average of $341.31.

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

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 8,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $236.89, for a total value of $1,895,120.00. Following the transaction, the director directly owned 1,005,316 shares of the company’s stock, valued at approximately $238,149,307.24. This represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 14,756 shares of company stock valued at $3,734,893. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the 4th quarter worth about $28,000. Cornerstone Planning Group LLC raised its position in shares of 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 acquiring an additional 61 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB in the 4th quarter worth about $33,000. Root Financial Partners LLC raised its position in shares of MongoDB by 58.2% in the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of MongoDB in the 4th quarter worth about $38,000. 89.29% of the stock is owned by institutional investors.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Guggenheim reiterated a “Buy” rating on MDB, reinforcing analyst-level bullishness that can support demand for the shares. Read More.
• Positive Sentiment: Unusually large call-option buying: traders acquired roughly 36,130 call contracts (≈+2,077% vs. normal), a strong short-term bullish signal that can drive delta-hedging and upward stock-pressure.
• Neutral Sentiment: Momentum coverage and positive headlines note MDB has outpaced the market in recent sessions, which can attract momentum traders but may also invite profit‑taking. Read More.
• Neutral Sentiment: Director Dwight Merriman sold 4,000 shares at ~$252.33 (and previously sold 8,000 at ~$236.89); both trades were executed under a pre-arranged Rule 10b5‑1 plan, which mutes but does not eliminate investor scrutiny. Read More.
• Negative Sentiment: Large put-option buying: traders bought about 23,831 put contracts (≈+2,157% vs. normal), signaling elevated hedging or bearish/speculative positions that could add downside pressure or volatility if sentiment flips.

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.