MongoDB, Inc. (NASDAQ:MDB) Receives $422.97 Average Target Price from Brokerages

by · The Markets Daily

Shares of MongoDB, Inc. (NASDAQ:MDBGet Free Report) have earned an average recommendation of “Moderate Buy” from the thirty-eight ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, twenty-six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $416.1515.

Several research analysts recently issued reports on the stock. Mizuho increased their price target on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Rosenblatt Securities upped their price objective on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Sanford C. Bernstein raised their target price on shares of MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Canaccord Genuity Group lifted their target price on shares of MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley upped their price target on MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd.

Get Our Latest Report on MongoDB

MongoDB Stock Up 6.9%

MDB opened at $336.61 on Tuesday. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72. The stock has a market cap of $27.40 billion, a PE ratio of -386.91 and a beta of 1.38. The business has a 50 day moving average of $387.56 and a 200-day moving average of $348.04.

MongoDB (NASDAQ:MDBGet Free Report) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director directly owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $413.86, for a total value of $229,692.30. Following the transaction, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. The trade was a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 62,353 shares of company stock valued at $25,440,798. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division bought a new stake in shares of MongoDB in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC boosted its holdings in MongoDB by 1,220.0% in the fourth 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 last quarter. International Assets Investment Management LLC bought a new stake in MongoDB in the 4th quarter worth approximately $33,000. Root Financial Partners LLC raised its stake in MongoDB by 58.2% during the 4th 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 last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in MongoDB during the 4th quarter valued at $38,000. Institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

About MongoDB

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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.

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