MongoDB (NASDAQ:MDB) Price Target Raised to $488.00

MongoDB (NASDAQ:MDB) had its target price upped by Argus from $340.00 to $488.00 in a report issued on Thursday morning,Benzinga reports. Argus currently has a buy rating on the stock.

MDB has been the subject of several other research reports. JMP Securities increased their target price on shares of MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a report on Friday, September 19th. Scotiabank boosted their price target on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 2nd. Canaccord Genuity Group increased their price objective on shares of MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Morgan Stanley raised their price objective on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Zacks Research lowered MongoDB from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $415.39.

MongoDB Price Performance

MDB stock opened at $409.62 on Thursday. The stock has a market capitalization of $33.33 billion, a P/E ratio of -470.83 and a beta of 1.45. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $419.50. The business has a 50-day moving average of $340.44 and a 200-day moving average of $274.32.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same quarter last year, the firm earned $1.16 EPS. MongoDB’s revenue for the quarter 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. Equities analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Activity

In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $320.15, for a total value of $8,003,750.00. Following the transaction, the director owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. This trade represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 95,172 shares of company stock worth $31,450,450. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. raised its holdings in MongoDB by 3.8% in the 3rd 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 in the last quarter. Brooklyn Investment Group increased its position in shares of MongoDB by 7.4% in the third quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock worth $211,000 after purchasing an additional 47 shares during the period. Huntington National Bank raised 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 in the last quarter. GAMMA Investing LLC raised its stake in MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after purchasing an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its position in MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.