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

MongoDB (NASDAQ:MDB) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

MDB has been the topic of several other research reports. DA Davidson raised their price target on MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Oppenheimer raised their target price on shares of MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a research note on Thursday, September 18th. Citigroup reissued an “outperform” rating on shares of MongoDB in a research note on Friday, September 19th. Canaccord Genuity Group raised their price objective on shares of MongoDB from $340.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Finally, Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $342.69.

MongoDB Trading Up 1.3%

MongoDB stock opened at $318.53 on Friday. MongoDB has a 1-year low of $140.78 and a 1-year high of $370.00. The firm has a market capitalization of $25.92 billion, a PE ratio of -325.03 and a beta of 1.50. The firm’s 50 day simple moving average is $294.73 and its 200 day simple moving average is $230.42.

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

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the transaction, the director directly owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the sale, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This trade represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 122,163 shares of company stock worth $36,886,482 in the last quarter. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after acquiring an additional 54 shares in the last quarter. Main Management ETF Advisors LLC raised its position in MongoDB by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock valued at $770,000 after purchasing an additional 60 shares during the period. Carnegie Investment Counsel lifted its stake in shares of MongoDB by 3.6% in the 2nd quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock valued at $379,000 after purchasing an additional 62 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in shares of MongoDB by 6.2% in the 2nd quarter. New York Life Investment Management LLC now owns 1,236 shares of the company’s stock worth $260,000 after purchasing an additional 72 shares during the period. Finally, Wedbush Securities Inc. increased its position in shares of MongoDB by 2.6% during the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company’s stock valued at $530,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

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.