MongoDB (NASDAQ:MDB) Price Target Raised to $465.00

MongoDB (NASDAQ:MDB) had its target price hoisted by DA Davidson from $375.00 to $465.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

MDB has been the subject of several other reports. Bank of America boosted their price objective on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a report on Monday, June 8th. Needham & Company LLC increased their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Citizens Jmp lifted their target price on MongoDB from $366.00 to $519.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group reiterated a “buy” rating and issued a $453.00 price target on shares of MongoDB in a report on Wednesday, August 19th. Finally, Wedbush upped their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $453.19.

MongoDB Price Performance

Shares of MDB stock opened at $446.62 on Wednesday. The firm has a market cap of $35.92 billion, a P/E ratio of -1,207.08, a P/E/G ratio of 3,129.80 and a beta of 1.55. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10. The firm has a fifty day moving average of $364.96 and a two-hundred day moving average of $321.50.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the prior year, the business posted $1.00 EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, sell-side analysts expect that MongoDB will post 0.01 EPS for the current year.

Insider Activity

In other MongoDB news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total value of $17,534,983.50. Following the transaction, the director owned 150,550 shares of the company’s stock, valued at $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the transaction, the director owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 124,746 shares of company stock valued at $48,960,038 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MDB. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of MongoDB by 115.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company’s stock worth $148,872,000 after acquiring an additional 189,820 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of MongoDB by 33.6% in the 4th quarter. Fiera Capital Corp now owns 183,035 shares of the company’s stock worth $76,818,000 after acquiring an additional 46,051 shares during the period. Danica Pension Livsforsikringsaktieselskab bought a new stake in MongoDB in the 4th quarter valued at about $107,100,000. Assenagon Asset Management S.A. lifted its position in MongoDB by 19.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 128,080 shares of the company’s stock valued at $43,022,000 after purchasing an additional 21,273 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in MongoDB by 48.7% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 20,810 shares of the company’s stock valued at $6,990,000 after purchasing an additional 6,819 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Analyst and investor support: DA Davidson and Robert W. Baird analysts reportedly expect MongoDB’s stock to rise, while Hedgeye named MDB a new top long idea. These endorsements may reinforce confidence in the company’s growth outlook. DA Davidson analyst outlook Robert W. Baird analyst outlook Hedgeye top long idea
• Positive Sentiment: AI product expansion: MongoDB added native connectors for major AI developer tools and integrated Voyage AI retrieval and embedding models into Atlas. Automated embeddings could reduce the complexity and cost of enterprise AI deployments, potentially strengthening Atlas adoption and long-term revenue growth. MongoDB AI tools in Atlas
• Neutral Sentiment: Earnings expectations are elevated: Wall Street is focused on Atlas momentum, expanding AI capabilities, recurring revenue obligations and other operating metrics ahead of the results. A strong report could support the rally, but the stock’s reaction will likely depend on guidance and forward indicators, not just headline revenue and earnings. MongoDB Q2 earnings preview
• Negative Sentiment: EA deal timing is a risk: The timing of MongoDB’s agreement with Electronic Arts could affect near-term results or guidance. Any delay or weaker-than-expected contribution may disappoint investors heading into earnings. MongoDB stock performance

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.