MongoDB (NASDAQ:MDB) Reaches New 12-Month High on Analyst Upgrade

MongoDB, Inc. (NASDAQ:MDB) shares hit a new 52-week high during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from $450.00 to $500.00. Truist Financial currently has a buy rating on the stock. MongoDB traded as high as $441.30 and last traded at $439.7530, with a volume of 387174 shares. The stock had previously closed at $435.86.

A number of other research firms have also recently commented on MDB. DA Davidson upped their target price on shares of MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Citizens Jmp upped their price objective on shares of MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 2nd. Monness Crespi & Hardt increased their price objective on shares of MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Wedbush lifted their target price on shares of MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, Argus upped their price target on MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $418.40.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 555 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the transaction, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. The trade was a 11.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 81,023 shares of company stock worth $30,382,587 over the last quarter. 3.10% of the stock is currently owned by insiders.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Several brokerages have lifted targets and reiterated buy cases, signaling continued analyst confidence that supports longer‑term upside. Example: Truist raised its price target to $500. Read More.
• Positive Sentiment: MDB recently hit a 52‑week high and has benefited from renewed AI/CEA optimism among analysts, helping momentum into the open of the week. Read More.
• Positive Sentiment: Analysts note MongoDB’s expanding partner ecosystem and hyperscaler integrations, which can support durable revenue growth and reduce adoption friction for customers. Read More.
• Neutral Sentiment: Raymond James initiated coverage with a Market Perform rating, calling MongoDB at a “strategic crossroads” as AI/data competition intensifies — balanced view that can temper some of the bullish narrative. Read More.
• Neutral Sentiment: Extremely heavy options flow — both calls and puts — suggests traders are positioning for near‑term volatility rather than a one‑sided directional bet (36,130 calls and 23,831 puts reported). This can amplify intraday moves and hedging activity. Read More.
• Negative Sentiment: Market headlines flagged a notable pullback in the session (price slid while broader market rose), consistent with profit‑taking after the recent run. Read More.
• Negative Sentiment: An insider sale (director Dwight Merriman sold ~1,054 shares) was disclosed — a small reduction in his stake but the filing can be read as a short‑term negative signal by some investors. Read More.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of the company. True Wealth Design LLC grew its stake in shares of MongoDB by 9.4% during the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in MongoDB by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,315 shares of the company’s stock worth $11,923,000 after buying an additional 1,068 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of MongoDB by 37.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,112 shares of the company’s stock worth $468,000 after acquiring an additional 305 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of MongoDB by 81.8% in the 4th quarter. Grove Bank & Trust now owns 100 shares of the company’s stock valued at $42,000 after acquiring an additional 45 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of MongoDB by 6.6% in the 4th quarter. Wedmont Private Capital now owns 855 shares of the company’s stock valued at $377,000 after acquiring an additional 53 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

The firm has a 50-day moving average price of $388.08 and a two-hundred day moving average price of $311.13. The firm has a market cap of $33.66 billion, a price-to-earnings ratio of -475.31 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last announced its quarterly 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 firm had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. During the same period in the prior year, the company posted $1.16 earnings per share. The firm’s quarterly 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. Research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current 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.