MongoDB (NASDAQ:MDB) Price Target Raised to $500.00 at Truist Financial

MongoDB (NASDAQ:MDB) had its price target raised by equities researchers at Truist Financial from $450.00 to $500.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 15.20% from the company’s previous close.

A number of other analysts have also weighed in on MDB. Canaccord Genuity Group upped their price objective on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. BMO Capital Markets boosted their price objective on shares of MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Rosenblatt Securities lifted their price target on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. DA Davidson upped their price objective on shares of MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Cantor Fitzgerald raised their price objective on MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $418.40.

MongoDB Trading Down 0.4%

MDB stock opened at $434.01 on Wednesday. The business’s fifty day moving average price is $384.76 and its 200 day moving average price is $309.50. MongoDB has a 12-month low of $140.78 and a 12-month high of $440.67. The company has a market capitalization of $35.32 billion, a PE ratio of -500.21 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.53. The company 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%.MongoDB’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Research analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Charles M. Hazard, Jr. sold 166 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $326.13, for a total transaction of $54,137.58. Following the completion of the transaction, the director owned 13,995 shares of the company’s stock, valued at approximately $4,564,189.35. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 81,023 shares of company stock valued at $30,382,587. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of MongoDB by 12.3% during the first quarter. AQR Capital Management LLC now owns 41,678 shares of the company’s stock worth $7,198,000 after purchasing an additional 4,552 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in MongoDB by 10.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,219 shares of the company’s stock worth $8,634,000 after purchasing an additional 4,692 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in MongoDB by 875.2% during the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after buying an additional 8,927 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.