MongoDB (NASDAQ:MDB) Given New $370.00 Price Target at Barclays

MongoDB (NASDAQ:MDB) had its target price decreased by Barclays from $440.00 to $370.00 in a research note published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

MDB has been the topic of several other research reports. Monness Crespi & Hardt dropped their price objective on shares of MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a report on Tuesday. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Royal Bank Of Canada reduced their target price on MongoDB from $500.00 to $395.00 and set an “outperform” rating on the stock in a report on Tuesday. Macquarie Infrastructure increased their price objective on shares of MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $340.00 target price on shares of MongoDB in a research note on Tuesday. Two investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $357.82.

MongoDB Stock Performance

MDB opened at $252.73 on Tuesday. The company has a market cap of $20.57 billion, a PE ratio of -287.19 and a beta of 1.40. The stock has a 50-day moving average of $379.54 and a 200-day moving average of $352.01. MongoDB has a 52-week low of $140.78 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last released 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. The company 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 company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. On average, research analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In other MongoDB 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 value of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares in the company, valued at approximately $4,463,066.24. The trade was a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the transaction, the director owned 80,462 shares of the company’s stock, valued at $29,750,824.50. The trade was a 1.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,354 shares of company stock worth $23,474,994 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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