MongoDB (NASDAQ:MDB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MongoDB (NASDAQ:MDB) from a hold rating to a buy rating in a report released on Sunday.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity Group upped their target price on shares of MongoDB from $340.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Oppenheimer boosted their price target on shares of MongoDB from $325.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Wolfe Research raised their price objective on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Sanford C. Bernstein lifted their target price on MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Finally, DA Davidson boosted their target price on MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $342.69.

MongoDB Trading Down 1.1%

NASDAQ:MDB opened at $336.46 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 $27.37 billion, a price-to-earnings ratio of -343.33 and a beta of 1.50. The business’s 50-day moving average price is $311.41 and its two-hundred day moving average price is $238.96.

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

Insider Transactions at MongoDB

In other news, Director Charles M. Hazard, Jr. sold 166 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total value of $51,460.00. Following the sale, the director owned 14,493 shares of the company’s stock, valued at $4,492,830. The trade was a 1.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer owned 11,598 shares of the company’s stock, valued at $3,783,847.50. The trade was a 7.94% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 103,493 shares of company stock worth $32,450,023. Corporate 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 the business. TD Private Client Wealth LLC grew its holdings in shares of 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 acquiring an additional 113 shares in the last quarter. Cloud Capital Management LLC bought a new stake in MongoDB during the first quarter worth about $25,000. Hollencrest Capital Management acquired a new position in MongoDB during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. grew its stake in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. Finally, Montag A & Associates Inc. increased its position in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 101 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Company Profile

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.