MongoDB (NASDAQ:MDB) Rating Lowered to Strong Sell at Zacks Research

MongoDB (NASDAQ:MDB) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lowered their price objective on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Robert W. Baird reaffirmed a “neutral” rating and set a $260.00 price target (down from $500.00) on shares of MongoDB in a research report on Tuesday, March 3rd. Citizens Jmp increased their price target on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a report on Friday, March 27th. Twenty-seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $360.03.

MongoDB Trading Up 1.9%

MDB stock opened at $249.36 on Tuesday. The stock has a market cap of $20.04 billion, a P/E ratio of -283.36 and a beta of 1.40. The stock’s fifty day simple moving average is $314.65 and its two-hundred day simple moving average is $347.72. MongoDB has a 1-year low of $140.78 and a 1-year high of $444.72.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates 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 was up 26.8% compared to the same quarter last year. During the same period last year, the firm posted $1.28 EPS. As a group, analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the transaction, the director directly owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 19,383 shares of company stock worth $7,910,983 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently made changes to their positions in MDB. Cornerstone Planning Group LLC grew its holdings in MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of MongoDB in the fourth quarter worth about $28,000. Huntington National Bank lifted its holdings in shares of MongoDB by 110.9% in the third 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. International Assets Investment Management LLC bought a new position in shares of MongoDB in the fourth quarter valued at approximately $33,000. Finally, Promus Capital LLC bought a new position in shares of MongoDB in the second quarter valued at approximately $36,000. 89.29% of the stock is currently owned by institutional investors.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Unusually large call buying: traders purchased roughly 36,130 call options (about +2,077% vs. average), signaling sizable bullish/speculative interest that can fuel short-term upside or squeeze dynamics. Traders Buy High Volume of MongoDB Call Options
• Positive Sentiment: Bullish analysis: Seeking Alpha published a piece arguing a “growth surprise is coming,” which could support investor optimism if MongoDB delivers stronger revenue/ARR momentum than current expectations. MongoDB: Growth Surprise Is Coming
• Neutral Sentiment: Mixed, heavy options flow: alongside big call volume, traders also bought ~23,831 put options (+2,157% vs. average). The concurrent surge in both calls and puts points to elevated volatility and hedging/speculation rather than a clear directional consensus.
• Neutral Sentiment: Broad market/coverage tracking: major outlets (CNN Markets) are flagging MongoDB stock pages and coverage, reflecting continued investor attention but not a new fundamental signal. MongoDB, Inc. Class A – CNN
• Negative Sentiment: Zacks downgrade to “strong sell”: Zacks Research moved MDB from “hold” to “strong sell,” a visible analyst bearish signal that can pressure sentiment and trigger selling by model/quant strategies. Zacks.com
• Negative Sentiment: Post‑earnings weakness flagged: coverage from Yahoo/Zacks notes MDB is down since its last earnings report, keeping focus on whether upcoming guidance or execution will reverse the recent weakness. MongoDB (MDB) Down 3.2% Since Last Earnings Report: Can It Rebound?

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.