Royal Bank Of Canada Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

MongoDB (NASDAQ:MDB) had its target price raised by analysts at Royal Bank Of Canada from $350.00 to $405.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 13.05% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Robert W. Baird raised their price target on MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Rosenblatt Securities increased their target price on MongoDB from $305.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday. Macquarie lifted their target price on MongoDB from $265.00 to $305.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Wedbush upped their price target on shares of MongoDB from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Finally, Stifel Nicolaus raised their price target on shares of MongoDB from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $350.11.

MongoDB Stock Down 2.9%

Shares of MongoDB stock opened at $358.26 on Tuesday. The stock’s 50-day simple moving average is $322.51 and its 200-day simple moving average is $245.00. MongoDB has a 52 week low of $140.78 and a 52 week high of $385.44. The company has a market capitalization of $29.15 billion, a price-to-earnings ratio of -365.45 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data 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 the consensus estimate of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, equities analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 25,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 1,079,316 shares of the company’s stock, valued at $345,543,017.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the sale, the director directly owned 24,308 shares in the company, valued at $7,971,322.44. This represents a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 107,493 shares of company stock worth $33,830,023 over the last three months. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in MongoDB by 20.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after purchasing an additional 249 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after buying an additional 362,705 shares during the last quarter. Red Spruce Capital LLC boosted its stake in MongoDB by 11.8% in the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,426 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of MongoDB by 875.2% during the first quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after purchasing an additional 8,927 shares during the last quarter. Finally, Triton Financial Group Inc acquired a new stake in shares of MongoDB during the second quarter worth about $782,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.