MongoDB (NASDAQ:MDB) Shares Gap Up – Here’s Why

Shares of MongoDB, Inc. (NASDAQ:MDB) gapped up before the market opened on Tuesday . The stock had previously closed at $357.77, but opened at $383.30. MongoDB shares last traded at $379.0450, with a volume of 544,993 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MDB. Zacks Research upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. KeyCorp reiterated a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Scotiabank boosted their price objective on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 2nd. Robert W. Baird upped their price objective on shares of MongoDB from $335.00 to $500.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada set a $500.00 target price on shares of MongoDB in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $422.29.

MongoDB Trading Up 6.0%

The business has a fifty day moving average of $404.88 and a 200-day moving average of $339.10. The company has a market cap of $30.85 billion, a PE ratio of -435.49 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same period in the previous year, the firm earned $1.16 earnings per share. The business’s 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 and its FY 2026 guidance at 4.760-4.800 EPS. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the transaction, the chief accounting officer owned 10,784 shares in the company, valued at $4,463,066.24. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the sale, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 78,353 shares of company stock worth $31,060,758. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Welch & Forbes LLC lifted its holdings in shares of MongoDB by 4.0% during the fourth quarter. Welch & Forbes LLC now owns 23,581 shares of the company’s stock valued at $9,897,000 after purchasing an additional 898 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in MongoDB by 16.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 4,201 shares of the company’s stock worth $1,763,000 after acquiring an additional 599 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB in the fourth quarter worth $574,821,000. Eurizon Capital SGR S.p.A. bought a new position in shares of MongoDB during the fourth quarter valued at $3,923,000. Finally, National Pension Service raised its position in shares of MongoDB by 4,803.5% in the 4th quarter. National Pension Service now owns 127,295 shares of the company’s stock worth $53,424,000 after purchasing an additional 124,699 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.