MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of MongoDB, Inc. (NASDAQ:MDB) have been given an average rating of “Moderate Buy” by the forty-one analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, thirty have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $415.3889.

A number of research analysts have recently commented on the stock. Rosenblatt Securities increased their target price on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Bank of America upped their price objective on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Barclays increased their price objective on shares of MongoDB from $390.00 to $415.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Wedbush boosted their target price on shares of MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Sanford C. Bernstein increased their price target on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd.

MongoDB Stock Performance

Shares of MDB stock opened at $427.41 on Thursday. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $429.85. The stock’s fifty day moving average price is $346.66 and its two-hundred day moving average price is $279.22. The company has a market cap of $34.77 billion, a PE ratio of -491.28 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last posted its quarterly 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 company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.MongoDB’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the completion of the transaction, the director owned 32,293 shares of the company’s stock, valued at $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This trade represents a 2.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 119,577 shares of company stock valued at $41,439,265 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in shares of MongoDB by 20.0% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after buying an additional 249 shares during the last quarter. Acadian Asset Management LLC lifted its stake in MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after acquiring an additional 362,705 shares in the last quarter. Red Spruce Capital LLC boosted its holdings in MongoDB by 11.8% during the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after acquiring an additional 1,426 shares during the last quarter. Triton Financial Group Inc bought a new stake in shares of MongoDB in the 2nd quarter worth $782,000. Finally, Jones Financial Companies Lllp grew its stake in shares of MongoDB by 875.2% in the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after acquiring an additional 8,927 shares in the last quarter. 89.29% of the stock is currently 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.