MongoDB (NASDAQ:MDB) Price Target Cut to $370.00 by Analysts at Monness Crespi & Hardt

MongoDB (NASDAQ:MDB) had its price target cut by Monness Crespi & Hardt from $475.00 to $370.00 in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Needham & Company LLC cut their price target on MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday. Scotiabank increased their target price on MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 2nd. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Citizens Jmp upped their price objective on shares of MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley lifted their price objective on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $357.82.

MongoDB Trading Down 22.2%

NASDAQ:MDB opened at $252.73 on Tuesday. The stock has a market capitalization of $20.57 billion, a price-to-earnings ratio of -287.19 and a beta of 1.40. The firm has a fifty day simple moving average of $379.54 and a two-hundred day simple moving average of $352.01. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 firm had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. Equities analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the sale, the director owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 57,354 shares of company stock worth $23,474,994. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in MDB. Employees Provident Fund Board purchased a new position in shares of MongoDB during the fourth quarter valued at approximately $203,365,000. Bank of Hawaii increased its position in MongoDB by 1.8% during the 4th quarter. Bank of Hawaii now owns 4,012 shares of the company’s stock valued at $1,684,000 after buying an additional 72 shares in the last quarter. Reflection Asset Management purchased a new position in MongoDB during the fourth quarter valued at $66,000. Sankala Group LLC bought a new stake in MongoDB in the fourth quarter worth $73,000. Finally, Pacer Advisors Inc. boosted its holdings in MongoDB by 78.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,118 shares of the company’s stock worth $3,407,000 after acquiring an additional 3,569 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB News Summary

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 results beat expectations — stronger-than-expected revenue, EPS and Atlas growth, improved margins and rising free cash flow provide a solid operational base that supports longer‑term growth thesis. PR Newswire: Q4 Results
• Positive Sentiment: Several analysts remain constructive on MDB’s long-term story (AI positioning, Atlas cloud product) and some firms kept buy/overweight ratings despite lowering price targets, signaling that many sell‑side analysts view the pullback as valuation resetting. MarketBeat: Buying Opportunity
• Neutral Sentiment: Management will present at the Morgan Stanley TMT conference (Mar 4), which could provide fresh color on Atlas trends, sales cadence and the leadership transition. Investors may watch that for clarification. PR Newswire: Conference
• Neutral Sentiment: Some commentators and analysts say the market reaction may be overblown given the strong quarter and multi‑year growth drivers; that view could support a stabilization if management reassures investors. Seeking Alpha: Reaction Overblown
• Negative Sentiment: Guidance and Atlas growth outlook disappointed investors — management’s forward commentary and near‑term guidance were viewed as muted relative to expectations, which is the primary driver of the selloff. Reuters: Guidance Reaction
• Negative Sentiment: Unexpected executive departures (senior go‑to‑market leaders) increased uncertainty about near‑term sales execution and exacerbated the stock drop. Blockonomi: Exec Departures
• Negative Sentiment: Widespread analyst price‑target cuts and at least one downgrade have amplified selling pressure; expect further volatility as sell‑side models are reworked. Benzinga: PT Cuts Summary
• Negative Sentiment: Heavy trading volume and rapid price decline increase the chance of short‑term technical weakness and institutional selling, even if fundamentals remain intact. Investopedia: Market Reaction

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.