Zacks Research Downgrades MongoDB (NASDAQ:MDB) to Hold

MongoDB (NASDAQ:MDB) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of MongoDB from $500.00 to $395.00 and set an “outperform” rating for the company in a research report on Tuesday. Citigroup lowered their target price on shares of MongoDB from $435.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday. Mizuho dropped their price target on MongoDB from $380.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $425.00 price objective on shares of MongoDB in a research report on Monday. Finally, Morgan Stanley boosted their target price on MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $357.82.

MongoDB Stock Down 22.2%

MDB opened at $252.73 on Monday. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72. The stock has a market cap of $20.57 billion, a PE ratio of -287.19 and a beta of 1.40. The business has a 50 day moving average of $379.54 and a 200-day moving average of $352.01.

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

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the sale, the director directly owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated 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 completion of the sale, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 57,354 shares of company stock valued at $23,474,994. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

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

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 results beat consensus: MongoDB posted $1.65 EPS vs. $1.47 expected and $695.1M revenue (vs. $669.4M est.), with Atlas revenue up ~29% and total revenue +27% YoY — underpins longer‑term growth thesis. Q4 Results PR
• Positive Sentiment: Many analysts remain constructive: Guggenheim reaffirmed a Buy ($475 PT), Rosenblatt kept a Buy ($425 PT) and Citigroup set a $400 target — shows institutional belief in MDB’s longer‑term upside despite near‑term noise. Guggenheim Reaffirm Rosenblatt Buy Citigroup PT
• Neutral Sentiment: Upcoming investor event: CEO CJ Desai and CFO Mike Berry are presenting at the Morgan Stanley TMT Conference (Mar 4) — opportunity for management to clarify strategy, guidance assumptions and cadence for Atlas/AI revenue. Conference Notice
• Negative Sentiment: Guidance disappointed short-term expectations: management’s near-term outlook and commentary about Atlas growth were read as muted, triggering a sharp selloff and heavy intraday volatility. That guidance shock is the primary reason shares fell. Reuters: Shares Plummet
• Negative Sentiment: Executive departures and shakeup: the exit of senior go‑to‑market executives contributed to investor nervousness about near‑term execution and was cited by several outlets as a factor amplifying the selloff. Seeking Alpha: Exec Shakeup
• Negative Sentiment: Broad analyst target cuts & downgrades: multiple firms cut price targets (UBS, Canaccord, UBS, Oppenheimer, Wedbush, others) and Zacks downgraded MDB from Strong Buy to Hold — increases short‑term sell pressure even as many still rate it Buy. Zacks Downgrade

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.