MongoDB (NASDAQ:MDB) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of MongoDB (NASDAQ:MDB) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other equities research analysts have also recently issued reports on MDB. Mizuho raised their price objective on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Raymond James Financial began coverage on shares of MongoDB in a research report on Monday, December 15th. They set a “market perform” rating on the stock. Citigroup upped their price objective on MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Monness Crespi & Hardt raised their target price on MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, UBS Group upped their price target on MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $422.29.

MongoDB Stock Performance

NASDAQ:MDB opened at $344.50 on Friday. MongoDB has a one year low of $140.78 and a one year high of $444.72. The stock has a market cap of $28.04 billion, a PE ratio of -395.98 and a beta of 1.38. The stock has a 50 day moving average price of $404.30 and a 200 day moving average price of $337.47.

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 analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. 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, analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction dated 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 directly owned 194,600 shares in the company, valued at $78,978,410. This trade represents a 11.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the sale, the director owned 25,659 shares in the company, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 78,353 shares of company stock worth $31,060,758 over the last quarter. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of MongoDB by 209.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after acquiring an additional 3,077 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in MongoDB by 1,277.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock worth $5,655,000 after purchasing an additional 16,896 shares during the last quarter. Penserra Capital Management LLC boosted its position in MongoDB by 42.1% during the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock worth $41,910,000 after purchasing an additional 39,978 shares in the last quarter. Pinegrove Venture Partners LLC purchased a new stake in MongoDB during the third quarter worth $1,032,000. Finally, Rakuten Investment Management Inc. acquired a new stake in MongoDB in the third quarter valued at $40,014,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.