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

MongoDB, Inc. (NASDAQ:MDB) has received an average recommendation of “Moderate Buy” from the thirty-nine analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, twenty-seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $422.2941.

Several research firms have recently weighed in on MDB. Stifel Nicolaus upped their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Morgan Stanley upped their target price on MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Truist Financial lifted their price target on MongoDB from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. BMO Capital Markets boosted their price objective on MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Guggenheim raised their target price on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction on Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer directly owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. The trade was a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction 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. This trade represents a 11.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 78,162 shares of company stock worth $31,004,092. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Pacer Advisors Inc. raised its position in MongoDB by 209.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after purchasing an additional 3,077 shares during the last quarter. Pinegrove Venture Partners LLC purchased a new position in shares of MongoDB during the third quarter valued at approximately $1,032,000. Triton Financial Group Inc bought a new position in shares of MongoDB during the second quarter valued at approximately $782,000. Rakuten Investment Management Inc. purchased a new stake in MongoDB in the third quarter worth $40,014,000. Finally, Nordea Investment Management AB boosted its holdings in MongoDB by 11.7% in the second quarter. Nordea Investment Management AB now owns 13,389 shares of the company’s stock valued at $2,814,000 after acquiring an additional 1,404 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 9.0%

MDB stock opened at $374.02 on Friday. The firm has a 50 day moving average of $401.70 and a 200-day moving average of $331.01. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72. The firm has a market capitalization of $30.44 billion, a P/E ratio of -429.91 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping 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 business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the prior year, the firm posted $1.16 EPS. MongoDB’s revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Sell-side analysts predict that MongoDB will post -1.78 EPS 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.