MongoDB (NASDAQ:MDB) Rating Increased to Buy at Wall Street Zen

MongoDB (NASDAQ:MDB - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

A number of other analysts also recently commented on MDB. Canaccord Genuity Group upped their price objective on MongoDB from $340.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Scotiabank upped their price objective on MongoDB from $280.00 to $320.00 and gave the stock a "sector perform" rating in a report on Friday, September 19th. DA Davidson increased their price target on MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Needham & Company LLC increased their price target on MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a report on Friday, September 19th. Finally, JMP Securities increased their price target on MongoDB from $345.00 to $375.00 and gave the company a "market outperform" rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $342.69.

MongoDB Trading Up 1.1%

NASDAQ MDB opened at $333.57 on Friday. The business's 50 day moving average is $306.79 and its two-hundred day moving average is $236.10. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00. The stock has a market capitalization of $27.14 billion, a price-to-earnings ratio of -340.38 and a beta of 1.50.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $591.40 million for the quarter, compared to analysts' expectations of $553.23 million. During the same period last year, the firm earned $0.70 EPS. MongoDB's revenue was up 23.7% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles M. Hazard, Jr. sold 166 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total transaction of $51,460.00. Following the completion of the sale, the director directly owned 14,493 shares in the company, valued at approximately $4,492,830. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction of $384,989.82. Following the sale, the director owned 24,308 shares of the company's stock, valued at $7,971,322.44. The trade was a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,828 shares of company stock valued at $34,482,846 in the last ninety days. Insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of MDB. Cloud Capital Management LLC bought a new position in shares of MongoDB during the 1st quarter valued at $25,000. Hollencrest Capital Management bought a new position in shares of MongoDB during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. raised its holdings in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of MongoDB by 144.3% during 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. Finally, Promus Capital LLC bought a new position in shares of MongoDB during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 89.29% of the company's stock.

About MongoDB

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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