Morgan Stanley Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective hoisted by Morgan Stanley from $325.00 to $400.00 in a research report released on Thursday morning,MarketScreener reports. The firm currently has an overweight rating on the stock.

Several other equities analysts also recently issued reports on MDB. BMO Capital Markets upped their price objective on shares of MongoDB from $365.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday. Macquarie upped their target price on MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Wolfe Research lifted their price target on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. The Goldman Sachs Group boosted their price objective on MongoDB from $325.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Finally, Sanford C. Bernstein raised their target price on shares of MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.97.

MongoDB Price Performance

MDB stock traded up $5.21 during trading on Thursday, hitting $361.04. 1,621,471 shares of the company’s stock were exchanged, compared to its average volume of 1,513,055. The business has a 50-day moving average price of $328.09 and a two-hundred day moving average price of $249.32. MongoDB has a 52-week low of $140.78 and a 52-week high of $385.44.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The company had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities research analysts anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the sale, the director owned 24,308 shares of the company’s stock, valued at $7,971,322.44. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 833 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $383.72, for a total transaction of $319,638.76. Following the transaction, the director directly owned 45,700 shares of the company’s stock, valued at $17,536,004. This represents a 1.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,492 shares of company stock worth $34,213,359 over the last quarter. Insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in MongoDB during the 1st quarter valued at about $161,543,000. Norges Bank acquired a new position in MongoDB during the second quarter worth about $164,338,000. Primecap Management Co. CA raised its position in MongoDB by 863.5% during the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after acquiring an additional 780,200 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after purchasing an additional 744,547 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.