Needham & Company LLC Reiterates “Buy” Rating for MongoDB (NASDAQ:MDB)

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a report issued on Monday,Benzinga reports. They currently have a $500.00 price objective on the stock. Needham & Company LLC’s target price would indicate a potential upside of 22.51% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Raymond James Financial began coverage on MongoDB in a research report on Monday, December 15th. They set a “market perform” rating for the company. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Guggenheim boosted their price target on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company raised their price objective on MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Rosenblatt Securities lifted their target price on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $418.40.

MongoDB Trading Down 1.3%

MDB opened at $408.12 on Monday. The stock has a market capitalization of $33.22 billion, a P/E ratio of -469.10 and a beta of 1.38. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72. The firm’s fifty day simple moving average is $389.05 and its 200 day simple moving average is $314.03.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. The firm had revenue of $628.31 million for 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 company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the business 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. On average, equities research analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the sale, the director directly owned 25,659 shares in the company, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 555 shares of the business’s stock in a transaction that occurred on 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 81,023 shares of company stock worth $30,382,587 in the last quarter. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

Several hedge funds have recently added to or reduced their stakes in MDB. Congress Asset Management Co. acquired a new position in MongoDB in the 4th quarter valued at $42,260,000. BDF Gestion acquired a new position in shares of MongoDB in the fourth quarter valued at about $3,888,000. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of MongoDB in the fourth quarter valued at about $1,649,000. Park Place Capital Corp increased its position in MongoDB by 1,857.1% during the fourth quarter. Park Place Capital Corp now owns 137 shares of the company’s stock worth $57,000 after acquiring an additional 130 shares during the period. Finally, True Wealth Design LLC raised its stake in MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

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.