Bank of America Issues Pessimistic Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target cut by equities research analysts at Bank of America from $400.00 to $350.00 in a research note issued on Wednesday,MarketScreener reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s target price points to a potential upside of 35.60% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada decreased their target price on MongoDB from $500.00 to $395.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Zacks Research lowered MongoDB from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Barclays decreased their price objective on MongoDB from $440.00 to $370.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Needham & Company LLC decreased their price objective on MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Finally, Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Twenty-six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $361.97.

MongoDB Stock Performance

Shares of MDB stock opened at $258.11 on Wednesday. The stock’s fifty day moving average is $275.36 and its 200-day moving average is $339.74. The stock has a market capitalization of $20.74 billion, a PE ratio of -293.31 and a beta of 1.60. MongoDB has a 52 week low of $162.26 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. The company had revenue of $695.07 million for the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. As a group, analysts forecast that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 8,000 shares of MongoDB stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $236.89, for a total transaction of $1,895,120.00. Following the transaction, the director owned 1,005,316 shares of the company’s stock, valued at $238,149,307.24. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred 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 transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. The trade was a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,756 shares of company stock worth $3,734,893 in the last three months. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently modified their holdings of MDB. ValueAct Holdings L.P. lifted its holdings in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. Norges Bank bought a new stake in shares of MongoDB in the fourth quarter valued at about $574,821,000. AQR Capital Management LLC lifted its holdings in shares of MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. lifted its holdings in shares of MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after purchasing an additional 852,540 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of MongoDB by 162.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock valued at $340,505,000 after purchasing an additional 678,746 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Expanded product leadership signals stronger focus on AI and core platform execution—company named a Chief Product Officer for AI & Emerging Products and a Chief Product Officer for Core Products, which supports MongoDB’s strategy to capture AI-driven database demand. Read More.
• Positive Sentiment: €74M Ireland investment and ~200 new jobs aim to scale engineering and AI development, strengthening European R&D footprint and longer‑term capacity to support AI/Atlas customers. This is constructive for product roadmaps and execution over time. Read More.
• Neutral Sentiment: Broader weakness in high‑multiple software names and a risk‑off tone amplified sensitivity to any negative headlines on guidance or leadership; that macro backdrop can magnify short‑term moves. Read More.
• Negative Sentiment: Bank of America lowered its price target to $350 and kept an “underperform” rating, adding downward pressure by signaling more conservative near‑term expectations. Read More.
• Negative Sentiment: Investors are still digesting a prior guidance reset and go‑to‑market leadership turnover; that fragile sentiment has led to follow‑on selling and recent analyst price‑target cuts. These execution and outlook concerns are the primary near‑term negative driver. Read More.
• Negative Sentiment: Notable insider selling and large institutional portfolio reductions reported in recent quarters contribute to supply-side pressure and investor caution. Read More.

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.