Sanford C. Bernstein Cuts MongoDB (NASDAQ:MDB) Price Target to $428.00

MongoDB (NASDAQ:MDB) had its price target trimmed by Sanford C. Bernstein from $452.00 to $428.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

MDB has been the topic of a number of other reports. Mizuho raised their price target on shares of MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Monness Crespi & Hardt reduced their price objective on shares of MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group raised their target price on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $425.00 price target on shares of MongoDB in a report on Monday. Finally, Argus upped their price target on MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $354.18.

MongoDB Trading Up 6.4%

Shares of NASDAQ:MDB opened at $263.93 on Tuesday. The company has a market capitalization of $21.48 billion, a PE ratio of -299.92, a P/E/G ratio of 1,462.32 and a beta of 1.40. MongoDB has a 12-month low of $140.78 and a 12-month high of $444.72. The business’s fifty day simple moving average is $372.37 and its 200-day simple moving average is $350.67.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The firm had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. During the same period in the prior year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. Research analysts predict that MongoDB will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction dated Monday, December 8th. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,190 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director owned 80,462 shares in the company, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 32,504 shares of company stock worth $13,389,622. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after buying an additional 431,382 shares during the period. ValueAct Holdings L.P. boosted its holdings in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the last quarter. State Street Corp boosted its holdings in shares of MongoDB by 2.3% in the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after acquiring an additional 40,219 shares during the last quarter. Amundi increased its stake in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company expands AI capabilities — MongoDB announced new embedding models, vector search tools and APIs in Atlas to simplify building AI apps, a product push that supports long‑term revenue mix and Atlas adoption. MongoDB Expands AI Capabilities
• Positive Sentiment: Analyst upgrade — Scotiabank raised MDB from “sector perform” to “sector outperform” and lifted its price target to $310, signaling research confidence from at least one regional bank. Scotiabank Upgrade (Benzinga)
• Positive Sentiment: High price targets / buy ratings remain from several firms — Citigroup set a $400 PT and Rosenblatt reaffirmed a Buy rating, showing pockets of analyst conviction above current levels. Citigroup $400 PT
• Neutral Sentiment: Unusual options flow — Extremely large volumes of both calls (~36,130) and puts (~23,831) were traded, indicating speculative positioning and increased short‑term volatility rather than a clear directional bet.
• Neutral Sentiment: Mixed analyst target moves — A few shops trimmed targets (e.g., Canaccord to $375, UBS to $275) while others kept higher targets; the net effect is increased dispersion in expectations. Canaccord PT Cut UBS PT Cut
• Negative Sentiment: Guidance disappointed — Q4 results beat on revenue and EPS, but fiscal‑2027 guidance still implies operating losses (and management changes were announced), which triggered the prior session’s heavy selloff. Why MDB Is Down 19.1%
• Negative Sentiment: Downgrades and cautious notes — Zacks moved MDB from “strong‑buy” to “hold” and several firms expressed more conservative outlooks, adding pressure after the guidance miss. Zacks Downgrade
• Negative Sentiment: Analyst pessimism reported — Barclays and Monness issued more negative commentary/forecasts that contributed to the recent gap down and investor caution. Barclays Pessimistic Forecast Monness Notes

MongoDB Company Profile

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.