Citizens Jmp Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

MongoDB (NASDAQ:MDB) had its price objective increased by Citizens Jmp from $435.00 to $475.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price points to a potential upside of 17.01% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $385.00 target price on shares of MongoDB in a report on Tuesday, November 25th. Morgan Stanley upped their price target on shares of MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday. Needham & Company LLC increased their price objective on shares of MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Truist Financial raised their price objective on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Scotiabank boosted their target price on shares of MongoDB from $280.00 to $320.00 and gave the company a “sector perform” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $412.25.

MongoDB Stock Up 1.0%

Shares of MongoDB stock opened at $405.94 on Tuesday. The company has a market cap of $33.03 billion, a price-to-earnings ratio of -466.60 and a beta of 1.45. The company’s 50 day moving average is $336.98 and its 200 day moving average is $271.32. MongoDB has a twelve month low of $140.78 and a twelve month high of $419.50.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.11%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Sell-side analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 25,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the sale, the director directly owned 1,079,316 shares in the company, valued at $345,543,017.40. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of MongoDB stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the transaction, the director owned 32,293 shares in the company, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,172 shares of company stock valued at $29,810,450 over the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. increased its position in MongoDB by 3.8% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after acquiring an additional 40 shares during the last quarter. Brooklyn Investment Group grew its holdings in MongoDB by 7.4% during the 3rd quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock valued at $211,000 after purchasing an additional 47 shares during the last quarter. Huntington National Bank raised its position in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. GAMMA Investing LLC lifted its stake in MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after purchasing an additional 54 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its position in shares of MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after buying an additional 55 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.