MongoDB, Inc. (NASDAQ:MDB) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• MongoDB, Inc. (NASDAQ: MDB) has received a consensus rating of "Moderate Buy" from 38 brokerages, with an average price target of $310.86.
• Several analysts have recently adjusted their price targets, including Cantor Fitzgerald raising it to $312 and JMP Securities to $345, while Loop Capital reduced their target to $190.
• Insiders have sold over 51,000 shares worth approximately $11.94 million in the last 90 days, with insider ownership currently at 3.10% of the company.

Shares of MongoDB, Inc. (NASDAQ:MDB - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty-eight brokerages that are presently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation, twenty-seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $310.8571.

Several research firms have weighed in on MDB. Cantor Fitzgerald boosted their target price on shares of MongoDB from $271.00 to $312.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. JMP Securities reiterated a "market outperform" rating and issued a $345.00 target price on shares of MongoDB in a report on Wednesday, August 27th. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and decreased their target price for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Royal Bank Of Canada boosted their target price on shares of MongoDB from $320.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, August 27th. Finally, Macquarie boosted their target price on shares of MongoDB from $230.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $468,000.00. Following the transaction, the director directly owned 1,107,006 shares in the company, valued at $259,039,404. The trade was a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares in the company, valued at $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock worth $11,936,656 in the last ninety days. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in MDB. Cloud Capital Management LLC purchased a new stake in shares of MongoDB in the 1st quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new stake in MongoDB during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. increased its stake in MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after buying an additional 120 shares during the period. Montag A & Associates Inc. increased its stake in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock worth $36,000 after buying an additional 101 shares during the period. Finally, Promus Capital LLC purchased a new stake in MongoDB during the 2nd quarter worth approximately $36,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Trading Down 0.8%

MDB opened at $315.61 on Tuesday. The firm has a market capitalization of $25.79 billion, a PE ratio of -322.05 and a beta of 1.49. MongoDB has a twelve month low of $140.78 and a twelve month high of $370.00. The firm's 50-day moving average price is $225.17 and its 200 day moving average price is $206.28.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. MongoDB's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. As a group, analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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