BMO Capital Markets Has Lowered Expectations for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target decreased by BMO Capital Markets from $455.00 to $400.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 21.78% from the company’s previous close.

A number of other research firms have also weighed in on MDB. UBS Group increased their price objective on MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein boosted their price objective on shares of MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 29th. Citigroup cut their target price on MongoDB from $525.00 to $435.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Truist Financial upped their target price on MongoDB from $450.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $416.15.

MongoDB Stock Down 2.4%

MDB opened at $328.47 on Thursday. The business’s fifty day simple moving average is $385.52 and its 200 day simple moving average is $348.93. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72. The stock has a market cap of $26.73 billion, a PE ratio of -377.55 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.53. The business had revenue of $628.31 million during the quarter, compared to analyst estimates 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 for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, equities analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In related news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $417.83, for a total value of $4,178,300.00. Following the completion of the sale, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director owned 194,600 shares in the company, valued at $78,978,410. This represents a 11.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,353 shares of company stock valued at $25,440,798 over the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Cornerstone Planning Group LLC increased its holdings in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in MongoDB in the 4th quarter worth approximately $28,000. Huntington National Bank raised its holdings in shares of MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of MongoDB during the 4th quarter valued at approximately $33,000. Finally, Montag A & Associates Inc. boosted its position in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

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.