MongoDB (NASDAQ:MDB) Given New $488.00 Price Target at Argus

MongoDB (NASDAQ:MDB) had its price target lifted by analysts at Argus from $340.00 to $488.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Argus’ price target points to a potential upside of 20.21% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group increased their target price on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC upped their price target on MongoDB from $365.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday. Bank of America lifted their price objective on MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets boosted their target price on shares of MongoDB from $415.00 to $455.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $414.30.

MongoDB Stock Performance

NASDAQ:MDB opened at $405.95 on Thursday. The company has a 50-day moving average of $336.98 and a 200-day moving average of $271.32. MongoDB has a 52 week low of $140.78 and a 52 week high of $419.50. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of -466.71 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.11%. The business had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Sell-side analysts forecast that MongoDB will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total transaction of $384,989.82. Following the transaction, the director owned 24,308 shares in the company, valued at $7,971,322.44. This represents a 4.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director owned 32,293 shares of the company’s stock, valued at $10,394,147.91. The trade was a 38.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 91,172 shares of company stock valued at $29,810,450 over the last ninety days. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Huntington National Bank lifted its holdings in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. Montag A & Associates Inc. raised its position in shares of MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 101 shares during the last quarter. Promus Capital LLC acquired a new position in shares of MongoDB during the second quarter valued at $36,000. TD Private Client Wealth LLC boosted its holdings in MongoDB by 2,825.0% in the third 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 during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in MongoDB in the third quarter worth about $37,000. 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.