MongoDB (NASDAQ:MDB) Price Target Lowered to $330.00 at Piper Sandler

MongoDB (NASDAQ:MDB) had its price target trimmed by Piper Sandler from $490.00 to $330.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on the stock. UBS Group lifted their price target on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Robert W. Baird reiterated a “neutral” rating and set a $260.00 target price (down from $500.00) on shares of MongoDB in a report on Tuesday. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Stifel Nicolaus lowered their price target on MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company cut their price objective on MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $357.82.

MongoDB Stock Performance

Shares of MongoDB stock opened at $252.73 on Tuesday. The firm has a market cap of $20.57 billion, a PE ratio of -287.19 and a beta of 1.40. The business’s 50 day simple moving average is $379.54 and its 200 day simple moving average is $352.01. MongoDB has a 52-week low of $140.78 and a 52-week high of $444.72.

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

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $4,463,066.24. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director owned 25,659 shares in the company, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 57,354 shares of company stock valued at $23,474,994. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. Mirae Asset Global Investments Co. Ltd. grew its position in shares of MongoDB by 1,277.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock worth $5,655,000 after purchasing an additional 16,896 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of MongoDB by 209.0% in the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after buying an additional 3,077 shares during the period. Penserra Capital Management LLC grew its position in MongoDB by 42.1% during the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after buying an additional 39,978 shares in the last quarter. Pinegrove Venture Partners LLC bought a new position in MongoDB during the 3rd quarter worth $1,032,000. Finally, Rakuten Investment Management Inc. bought a new position in MongoDB during the 3rd quarter worth $40,014,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about MongoDB

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.