MongoDB (NASDAQ:MDB) Price Target Cut to $290.00 by Analysts at Mizuho

MongoDB (NASDAQ:MDB) had its price objective lowered by Mizuho from $380.00 to $290.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued reports about the company. Monness Crespi & Hardt dropped their target price on MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a research report on Tuesday. Cantor Fitzgerald raised their price objective on shares of MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Sanford C. Bernstein cut shares of MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Citizens Jmp increased their price target on shares of MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada set a $500.00 price target on shares of MongoDB in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $357.82.

MongoDB Stock Performance

MongoDB stock opened at $252.73 on Tuesday. MongoDB has a twelve month low of $140.78 and a twelve month high of $444.72. The firm has a market cap of $20.57 billion, a PE ratio of -287.19 and a beta of 1.40. The firm’s 50 day moving average price is $379.54 and its two-hundred day moving average price is $352.01.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating 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 business had revenue of $695.07 million for the quarter, compared to analysts’ expectations of $669.40 million. During the same period in the previous year, the company posted $1.28 EPS. MongoDB’s revenue was up 26.8% on a year-over-year basis. Equities analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Activity

In other news, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the transaction, the chief accounting officer directly owned 10,784 shares in the company, valued at approximately $4,463,066.24. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $417.83, for a total value of $4,178,300.00. Following the transaction, the director directly owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. This represents a 0.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,354 shares of company stock worth $23,474,994 in the last 90 days. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 worth $5,655,000 after purchasing an additional 16,896 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of MongoDB by 209.0% during the 3rd 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 during the period. Penserra Capital Management LLC boosted its position in shares of MongoDB by 42.1% during the 3rd quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after acquiring an additional 39,978 shares in the last quarter. Pinegrove Venture Partners LLC bought a new stake in MongoDB in the third quarter valued at about $1,032,000. Finally, Rakuten Investment Management Inc. acquired a new position in MongoDB in the third quarter worth about $40,014,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

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

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.