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

Shares of MongoDB, Inc. (NASDAQ:MDB) have earned an average rating of “Moderate Buy” from the forty-one analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $414.9714.

MDB has been the topic of several recent research reports. Citizens Jmp increased their target price on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 2nd. Truist Financial boosted their price objective on MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Cantor Fitzgerald raised their target price on MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. BMO Capital Markets upped their price target on MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Rosenblatt Securities increased their price target on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 555 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the transaction, the chief accounting officer owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $326.13, for a total value of $54,137.58. Following the completion of the sale, the director owned 13,995 shares in the company, valued at $4,564,189.35. This trade represents a 1.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,969 shares of company stock worth $29,937,272 in the last ninety days. Insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. Huntington National Bank boosted its position in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. Montag A & Associates Inc. lifted its position in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. Promus Capital LLC purchased a new position in MongoDB in the 2nd quarter worth approximately $36,000. TD Private Client Wealth LLC grew its stake 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 buying an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of MongoDB in the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 4.8%

MDB opened at $399.65 on Monday. The firm has a 50-day moving average price of $381.16 and a 200-day moving average price of $306.33. MongoDB has a twelve month low of $140.78 and a twelve month high of $440.67. The company has a market capitalization of $32.53 billion, a price-to-earnings ratio of -459.37 and a beta of 1.38.

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

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.