MongoDB (NASDAQ:MDB) Price Target Raised to $425.00 at Rosenblatt Securities

MongoDB (NASDAQ:MDB) had its price objective lifted by Rosenblatt Securities from $385.00 to $425.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 29.23% from the stock’s current price.

MDB has been the subject of several other research reports. Wells Fargo & Company reiterated an “overweight” rating on shares of MongoDB in a research note on Tuesday. Piper Sandler restated an “overweight” rating and set a $490.00 target price (up previously from $400.00) on shares of MongoDB in a research report on Tuesday. JMP Securities lifted their price target on shares of MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a research report on Friday, September 19th. Citizens Jmp boosted their price target on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on MongoDB from $365.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $365.89.

MongoDB Price Performance

MDB opened at $328.87 on Tuesday. The business has a fifty day simple moving average of $333.51 and a 200 day simple moving average of $268.89. The company has a market capitalization of $26.76 billion, a PE ratio of -335.58 and a beta of 1.45. MongoDB has a 1 year low of $140.78 and a 1 year high of $385.44.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter last year, the business earned $1.16 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS. FY 2026 guidance at 4.760-4.800 EPS. Equities analysts anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Peter Thomas Killalea sold 20,000 shares of MongoDB stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the transaction, the director owned 32,293 shares in the company, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the transaction, the director directly owned 24,308 shares of the company’s stock, valued at $7,971,322.44. This trade represents a 4.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,173 shares of company stock valued at $29,484,646 over the last three months. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in shares of MongoDB by 20.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $314,000 after purchasing an additional 249 shares during the last quarter. Acadian Asset Management LLC lifted its stake in MongoDB by 181.8% in the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after purchasing an additional 362,705 shares during the last quarter. Red Spruce Capital LLC boosted its position 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 buying an additional 1,426 shares in the last quarter. Triton Financial Group Inc bought a new stake in shares of MongoDB during the second quarter worth $782,000. Finally, Jones Financial Companies Lllp grew its stake 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 buying an additional 8,927 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

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.