MongoDB (NASDAQ:MDB) Stock Rating Upgraded by Wall Street Zen

MongoDB (NASDAQ:MDB) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Several other analysts also recently commented on MDB. Piper Sandler reiterated an “overweight” rating and set a $490.00 target price (up from $400.00) on shares of MongoDB in a research note on Tuesday, December 2nd. Morgan Stanley increased their price objective on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 29th. DA Davidson upped their target price 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, Monness Crespi & Hardt raised their price target on shares of MongoDB from $360.00 to $475.00 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 issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $422.29.

MongoDB Stock Performance

Shares of MDB stock opened at $368.40 on Friday. The company has a market capitalization of $29.98 billion, a price-to-earnings ratio of -423.45 and a beta of 1.38. MongoDB has a one year low of $140.78 and a one year high of $444.72. The company’s 50-day moving average is $400.93 and its 200 day moving average is $343.52.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping 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 net margin of 3.06% and a negative return on equity of 1.12%. The business’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. As a group, research analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the sale, the director directly owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director owned 25,659 shares in the company, valued at $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. 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. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after buying an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. raised its holdings in MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the period. State Street Corp lifted its position in shares of MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after acquiring an additional 40,219 shares in the last quarter. Amundi boosted its stake in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of MongoDB by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

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.