MongoDB (NASDAQ:MDB) Trading Down 7.8% – Should You Sell?

MongoDB, Inc. (NASDAQ:MDB)’s share price was down 7.8% during mid-day trading on Monday . The stock traded as low as $323.75 and last traded at $317.6990. Approximately 201,159 shares traded hands during trading, a decline of 87% from the average daily volume of 1,510,534 shares. The stock had previously closed at $344.56.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDB. Argus raised their price target on shares of MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Piper Sandler reissued an “overweight” rating and issued a $490.00 price target (up from $400.00) on shares of MongoDB in a research note on Tuesday, December 2nd. Mizuho boosted their price target on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. DA Davidson lowered their target price on MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Rosenblatt Securities lifted their price objective on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $417.82.

MongoDB Trading Up 0.8%

The company’s 50 day moving average price is $389.33 and its 200 day moving average price is $348.12. The company has a market cap of $25.64 billion, a price-to-earnings ratio of -362.06 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The firm had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last 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. Sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the transaction, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. This represents a 11.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,190 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the sale, the director directly owned 80,462 shares in the company, valued at $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 62,353 shares of company stock worth $25,440,798 in the last quarter. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its stake in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the period. Central Pacific Bank Trust Division acquired a new stake in MongoDB in the 4th quarter valued at approximately $28,000. Huntington National Bank increased its position in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the period. International Assets Investment Management LLC bought a new stake in MongoDB during the 4th quarter valued at $33,000. Finally, Montag A & Associates Inc. grew its stake in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

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.