MongoDB (NASDAQ:MDB) Given New $375.00 Price Target at Truist Financial

MongoDB (NASDAQ:MDB) had its price objective decreased by Truist Financial from $500.00 to $375.00 in a research report released on Tuesday,MarketScreener reports. Truist Financial currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on MDB. Mizuho dropped their price objective on MongoDB from $380.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday. Macquarie Infrastructure lifted their price target on shares of MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Bank of America boosted their price objective on shares of MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. BMO Capital Markets restated an “outperform” rating and set a $340.00 price objective on shares of MongoDB in a research report on Tuesday. Finally, Raymond James Financial started coverage on shares of MongoDB in a research report on Monday, December 15th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $357.82.

MongoDB Stock Performance

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

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.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 prior year, the firm posted $1.28 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. On average, analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the transaction, the chief accounting officer owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 57,354 shares of company stock worth $23,474,994. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Clark Financial Services Group Inc. BD raised its holdings in MongoDB by 1.5% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after acquiring an additional 25 shares during the period. Root Financial Partners LLC raised its stake in MongoDB by 58.2% during the 4th quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the period. True Wealth Design LLC lifted its holdings in MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after purchasing an additional 36 shares during the period. Finally, Lido Advisors LLC grew its holdings in MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock valued at $458,000 after buying an additional 36 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

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.