MongoDB (NASDAQ:MDB) Stock Price Expected to Rise, Wedbush Analyst Says

MongoDB (NASDAQ:MDB) had its price target hoisted by stock analysts at Wedbush from $400.00 to $440.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 8.39% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Needham & Company LLC upped their price target on MongoDB from $365.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday. Macquarie raised their price target on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Barclays lifted their price target on shares of MongoDB from $390.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday. Monness Crespi & Hardt increased their price objective on shares of MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Truist Financial lifted their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $412.25.

MongoDB Stock Performance

Shares of MongoDB stock opened at $405.94 on Tuesday. The company has a 50-day simple moving average of $336.98 and a two-hundred day simple moving average of $271.32. The stock has a market capitalization of $33.03 billion, a PE ratio of -466.60 and a beta of 1.45. MongoDB has a 52-week low of $140.78 and a 52-week high of $419.50.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analyst estimates 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 for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, equities research analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Charles M. Hazard, Jr. sold 833 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $326.13, for a total transaction of $271,666.29. Following the completion of the transaction, the director owned 44,867 shares in the company, valued at $14,632,474.71. The trade was a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $338.52, for a total transaction of $3,385,200.00. Following the sale, the director directly owned 1,055,316 shares of the company’s stock, valued at $357,245,572.32. This represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 91,172 shares of company stock worth $29,810,450. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its holdings in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares during the period. TD Private Client Wealth LLC boosted its position in MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after purchasing an additional 113 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $37,000. Westside Investment Management Inc. increased its holdings in shares of MongoDB by 82.1% during the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new position in shares of MongoDB in the 3rd quarter valued at $43,000. 89.29% of the stock is owned by institutional investors and hedge funds.

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.