Wells Fargo & Company Cuts MongoDB (NASDAQ:MDB) Price Target to $375.00

MongoDB (NASDAQ:MDB) had its price target reduced by Wells Fargo & Company from $450.00 to $375.00 in a research note released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on MDB. DA Davidson cut their target price on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Robert W. Baird reiterated a “neutral” rating and issued a $260.00 price target (down from $500.00) on shares of MongoDB in a research note on Tuesday. Guggenheim reissued a “buy” rating and set a $475.00 price objective on shares of MongoDB in a research report on Tuesday. Cantor Fitzgerald decreased their target price on shares of MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Sanford C. Bernstein downgraded shares of MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $354.18.

MongoDB Stock Performance

Shares of MDB opened at $263.93 on Tuesday. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The firm’s 50-day simple moving average is $372.37 and its two-hundred day simple moving average is $350.67. The stock has a market cap of $21.48 billion, a PE ratio of -299.92, a price-to-earnings-growth ratio of 1,462.32 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The firm had revenue of $695.07 million for the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. Equities research analysts predict that MongoDB will post -1.78 EPS for the current year.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the transaction, the director owned 25,659 shares in the company, valued at $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares in the company, valued at $4,463,066.24. This represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,504 shares of company stock valued at $13,389,622 over the last three months. Insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Several large investors have recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in MongoDB in the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC lifted its stake in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC bought a new position in shares of MongoDB in the 4th quarter worth approximately $33,000. Root Financial Partners LLC grew its position in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after buying an additional 32 shares during the period. Finally, Global Trust Asset Management LLC purchased a new stake in MongoDB during the fourth quarter valued at approximately $38,000. Institutional investors own 89.29% of the company’s stock.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Company expands AI capabilities — MongoDB announced new embedding models, vector search tools and APIs in Atlas to simplify building AI apps, a product push that supports long‑term revenue mix and Atlas adoption. MongoDB Expands AI Capabilities
• Positive Sentiment: Analyst upgrade — Scotiabank raised MDB from “sector perform” to “sector outperform” and lifted its price target to $310, signaling research confidence from at least one regional bank. Scotiabank Upgrade (Benzinga)
• Positive Sentiment: High price targets / buy ratings remain from several firms — Citigroup set a $400 PT and Rosenblatt reaffirmed a Buy rating, showing pockets of analyst conviction above current levels. Citigroup $400 PT
• Neutral Sentiment: Unusual options flow — Extremely large volumes of both calls (~36,130) and puts (~23,831) were traded, indicating speculative positioning and increased short‑term volatility rather than a clear directional bet.
• Neutral Sentiment: Mixed analyst target moves — A few shops trimmed targets (e.g., Canaccord to $375, UBS to $275) while others kept higher targets; the net effect is increased dispersion in expectations. Canaccord PT Cut UBS PT Cut
• Negative Sentiment: Guidance disappointed — Q4 results beat on revenue and EPS, but fiscal‑2027 guidance still implies operating losses (and management changes were announced), which triggered the prior session’s heavy selloff. Why MDB Is Down 19.1%
• Negative Sentiment: Downgrades and cautious notes — Zacks moved MDB from “strong‑buy” to “hold” and several firms expressed more conservative outlooks, adding pressure after the guidance miss. Zacks Downgrade
• Negative Sentiment: Analyst pessimism reported — Barclays and Monness issued more negative commentary/forecasts that contributed to the recent gap down and investor caution. Barclays Pessimistic Forecast Monness Notes

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.