Wall Street Zen Downgrades MongoDB (NASDAQ:MDB) to Hold

MongoDB (NASDAQ:MDB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts also recently commented on the stock. Citigroup boosted their price objective on shares of MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Macquarie Infrastructure boosted their price target on MongoDB from $305.00 to $385.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 29th. DA Davidson lifted their price objective on MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group upped their target price on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $422.29.

MongoDB Price Performance

MDB opened at $344.50 on Friday. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72. The stock has a market capitalization of $28.04 billion, a P/E ratio of -395.98 and a beta of 1.38. The business has a 50 day simple moving average of $404.30 and a 200-day simple moving average of $338.24.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $592.98 million. During the same quarter in the prior year, the company posted $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. Research analysts anticipate that MongoDB will post -1.78 EPS for the current year.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the transaction, the director directly owned 25,659 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares in the company, valued at approximately $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 78,353 shares of company stock valued at $31,060,758 in the last quarter. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. Cornerstone Planning Group LLC grew its stake in MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB during the 4th quarter valued at $28,000. Huntington National Bank boosted its position in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. International Assets Investment Management LLC purchased a new stake in MongoDB during the 4th quarter worth $33,000. Finally, Montag A & Associates Inc. increased its holdings in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

About MongoDB

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.