MongoDB (NASDAQ:MDB) Price Target Raised to $310.00

MongoDB (NASDAQ:MDB) had its target price raised by Mizuho from $250.00 to $310.00 in a research report sent to investors on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on MDB. BMO Capital Markets lifted their price target on MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research note on Tuesday. Citigroup reiterated an “outperform” rating on shares of MongoDB in a report on Tuesday. DA Davidson lifted their target price on shares of MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday. Citizens Jmp upped their price target on shares of MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research report on Tuesday. Finally, Royal Bank Of Canada raised their price objective on shares of MongoDB from $405.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $415.39.

MongoDB Stock Performance

NASDAQ MDB opened at $396.73 on Tuesday. The stock has a market capitalization of $32.28 billion, a P/E ratio of -456.01 and a beta of 1.45. MongoDB has a 1 year low of $140.78 and a 1 year high of $419.50. The business’s fifty day moving average is $338.61 and its two-hundred day moving average is $272.19.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share 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%.The company’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, research analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In other MongoDB news, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $326.13, for a total transaction of $54,137.58. Following the transaction, the director owned 13,995 shares in the company, valued at $4,564,189.35. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $410.00, for a total transaction of $1,640,000.00. Following the completion of the transaction, the director directly owned 1,051,316 shares in the company, valued at approximately $431,039,560. This represents a 0.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 95,172 shares of company stock valued at $31,450,450. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently bought and sold shares of the company. Huntington National Bank grew its stake in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares during the last quarter. Montag A & Associates Inc. raised its stake in 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 purchasing an additional 101 shares during the last quarter. Promus Capital LLC acquired a new position in MongoDB during the 2nd quarter valued at $36,000. TD Private Client Wealth LLC boosted its holdings in MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in MongoDB in the 3rd quarter worth $37,000. 89.29% of the stock is currently owned by institutional investors.

About MongoDB

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.