Oppenheimer Cuts MongoDB (NASDAQ:MDB) Price Target to $425.00

MongoDB (NASDAQ:MDB) had its target price cut by Oppenheimer from $490.00 to $425.00 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Morgan Stanley lifted their price target on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Stifel Nicolaus raised their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. UBS Group lifted their price objective on shares of MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Truist Financial upped their target price on MongoDB from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, Wedbush raised their price objective on MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $422.97.

MongoDB Price Performance

MDB stock opened at $344.56 on Wednesday. The company has a market capitalization of $28.04 billion, a PE ratio of -396.05 and a beta of 1.38. The firm’s 50-day moving average is $395.67 and its 200 day moving average is $345.48. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the previous year, the business earned $1.16 earnings per share. MongoDB’s quarterly revenue 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 fiscal year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the transaction, the director directly owned 80,462 shares in the company, valued at $29,750,824.50. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the transaction, the director owned 194,600 shares in the company, valued at approximately $78,978,410. This trade represents a 11.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 62,353 shares of company stock valued at $25,440,798. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of MongoDB by 1,277.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,219 shares of the company’s stock valued at $5,655,000 after acquiring an additional 16,896 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of MongoDB by 209.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock valued at $1,412,000 after purchasing an additional 3,077 shares in the last quarter. Penserra Capital Management LLC boosted its position in MongoDB by 42.1% during the third quarter. Penserra Capital Management LLC now owns 135,036 shares of the company’s stock valued at $41,910,000 after purchasing an additional 39,978 shares in the last quarter. Pinegrove Venture Partners LLC purchased a new stake in MongoDB during the 3rd quarter worth approximately $1,032,000. Finally, Rakuten Investment Management Inc. acquired a new stake in MongoDB during the 3rd quarter valued at approximately $40,014,000. 89.29% of the stock is currently owned by institutional investors.

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.