MongoDB (NASDAQ:MDB) Price Target Raised to $480.00

MongoDB (NASDAQ:MDB) had its price objective hoisted by Needham & Company LLC from $365.00 to $480.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 45.95% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird boosted their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Wells Fargo & Company restated an “overweight” rating on shares of MongoDB in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of MongoDB in a research report on Tuesday. Barclays reissued an “overweight” rating on shares of MongoDB in a research report on Tuesday. Finally, JMP Securities boosted their price objective on MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a research note on Friday, September 19th. One equities research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.89.

MongoDB Trading Down 1.1%

Shares of MDB opened at $328.87 on Tuesday. The stock’s 50-day moving average price is $333.51 and its two-hundred day moving average price is $268.89. MongoDB has a 12 month low of $140.78 and a 12 month high of $385.44. The company has a market capitalization of $26.76 billion, a PE ratio of -335.58 and a beta of 1.45.

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

Insiders Place Their Bets

In related news, Director Peter Thomas Killalea sold 20,000 shares of the 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 directly owned 32,293 shares in the company, valued at $10,394,147.91. This trade represents a 38.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total transaction of $384,989.82. Following the completion of the sale, the director directly owned 24,308 shares of the company’s stock, valued at approximately $7,971,322.44. The trade was a 4.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 90,173 shares of company stock worth $29,484,646. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MDB. Cambria Investment Management L.P. grew its holdings in shares of MongoDB by 1.5% during the third quarter. Cambria Investment Management L.P. now owns 7,050 shares of the company’s stock valued at $2,188,000 after buying an additional 102 shares during the last quarter. Strategic Advocates LLC acquired a new stake in shares of MongoDB in the 3rd quarter worth about $43,000. CIBC Bancorp USA Inc. bought a new position in MongoDB in the 3rd quarter valued at about $909,000. WBI Investments LLC acquired a new position in MongoDB during the 3rd quarter valued at about $406,000. Finally, Coldstream Capital Management Inc. bought a new stake in MongoDB during the 3rd quarter worth approximately $271,000. 89.29% of the stock is owned by 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.