MongoDB (NASDAQ:MDB) Trading 7.1% Higher After Analyst Upgrade

Shares of MongoDB, Inc. (NASDAQ:MDB) rose 7.1% during trading on Thursday after Scotiabank upgraded the stock from a sector perform rating to a sector outperform rating. Scotiabank now has a $310.00 price target on the stock, up from their previous price target of $275.00. MongoDB traded as high as $268.77 and last traded at $265.67. Approximately 1,333,115 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 2,006,735 shares. The stock had previously closed at $248.01.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $340.00 target price (down from $400.00) on shares of MongoDB in a research note on Tuesday. Morgan Stanley upped their price objective on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company decreased their price objective on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday. Citizens Jmp boosted their target price on shares of MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 2nd. Finally, Canaccord Genuity Group reduced their target price on shares of MongoDB from $455.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.18.

Insider Activity

In other news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the transaction, the director directly owned 1,041,316 shares in the company, valued at $435,093,064.28. This represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 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 approximately $4,463,066.24. The trade was a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,504 shares of company stock valued at $13,389,622 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company expands AI capabilities — MongoDB announced new embedding models, vector search tools and APIs in Atlas to simplify building AI apps, a product push that supports long‑term revenue mix and Atlas adoption. MongoDB Expands AI Capabilities
• Positive Sentiment: Analyst upgrade — Scotiabank raised MDB from “sector perform” to “sector outperform” and lifted its price target to $310, signaling research confidence from at least one regional bank. Scotiabank Upgrade (Benzinga)
• Positive Sentiment: High price targets / buy ratings remain from several firms — Citigroup set a $400 PT and Rosenblatt reaffirmed a Buy rating, showing pockets of analyst conviction above current levels. Citigroup $400 PT
• Neutral Sentiment: Unusual options flow — Extremely large volumes of both calls (~36,130) and puts (~23,831) were traded, indicating speculative positioning and increased short‑term volatility rather than a clear directional bet.
• Neutral Sentiment: Mixed analyst target moves — A few shops trimmed targets (e.g., Canaccord to $375, UBS to $275) while others kept higher targets; the net effect is increased dispersion in expectations. Canaccord PT Cut UBS PT Cut
• Negative Sentiment: Guidance disappointed — Q4 results beat on revenue and EPS, but fiscal‑2027 guidance still implies operating losses (and management changes were announced), which triggered the prior session’s heavy selloff. Why MDB Is Down 19.1%
• Negative Sentiment: Downgrades and cautious notes — Zacks moved MDB from “strong‑buy” to “hold” and several firms expressed more conservative outlooks, adding pressure after the guidance miss. Zacks Downgrade
• Negative Sentiment: Analyst pessimism reported — Barclays and Monness issued more negative commentary/forecasts that contributed to the recent gap down and investor caution. Barclays Pessimistic Forecast Monness Notes

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Worthington Financial Partners LLC purchased a new stake in MongoDB during the fourth quarter valued at about $766,000. Employees Provident Fund Board purchased a new position in shares of MongoDB in the 4th quarter worth about $203,365,000. Bank of Hawaii lifted its stake in shares of MongoDB by 1.8% in the 4th quarter. Bank of Hawaii now owns 4,012 shares of the company’s stock valued at $1,684,000 after purchasing an additional 72 shares in the last quarter. Reflection Asset Management purchased a new stake in shares of MongoDB during the 4th quarter worth about $66,000. Finally, Sankala Group LLC purchased a new stake in shares of MongoDB during the 4th quarter worth about $73,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Trading Up 6.4%

The stock’s 50-day moving average is $372.37 and its 200-day moving average is $350.67. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of -299.92, a P/E/G ratio of 1,462.32 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, 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 the consensus estimate of $669.40 million. During the same period in the previous year, the firm earned $1.28 earnings per share. MongoDB’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.