Monness Crespi & Hardt Increases MongoDB (NASDAQ:MDB) Price Target to $475.00

MongoDB (NASDAQ:MDB) had its target price increased by analysts at Monness Crespi & Hardt from $360.00 to $475.00 in a research report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective suggests a potential upside of 17.01% from the stock’s current price.

Several other brokerages have also recently issued reports on MDB. Citizens Jmp lifted their price objective on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research note on Tuesday. Royal Bank Of Canada lifted their price target on shares of MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday. Canaccord Genuity Group raised their price objective on shares of MongoDB from $340.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Guggenheim lifted their price objective on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $412.25.

MongoDB Stock Performance

Shares of MDB stock opened at $405.94 on Tuesday. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $419.50. The company has a 50 day moving average price of $336.98 and a 200 day moving average price of $271.32. The stock has a market capitalization of $33.03 billion, a P/E ratio of -466.60 and a beta of 1.45.

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

Insider Transactions at MongoDB

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its stake in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. Montag A & Associates Inc. raised its stake in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares during the last quarter. Promus Capital LLC acquired a new stake in MongoDB during the 2nd quarter worth approximately $36,000. TD Private Client Wealth LLC grew its stake in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of MongoDB in the third quarter valued at approximately $37,000. 89.29% of the stock is 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.