MongoDB (NASDAQ:MDB) Sees Strong Trading Volume After Analyst Upgrade

Key Points

• MongoDB's stock experienced a significant trading volume increase after Macquarie raised its price target from $230 to $265, with shares trading at $311.01, up from a previous close of $295.70.
• Multiple analysts upgraded their ratings and price targets, with Goldman Sachs setting a new target of $325 and Citigroup increasing theirs to $425, reflecting a generally positive outlook on the stock.
• Insider selling included notable sales by directors, which resulted in a total of 51,416 shares sold in the last ninety days, while insiders still own 3.10% of the company’s stock.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) shares saw unusually-strong trading volume on Thursday after Macquarie raised their price target on the stock from $230.00 to $265.00. Macquarie currently has a neutral rating on the stock. Approximately 2,885,922 shares were traded during trading, an increase of 18% from the previous session's volume of 2,453,176 shares.The stock last traded at $311.01 and had previously closed at $295.70.

A number of other research firms have also issued reports on MDB. The Goldman Sachs Group increased their target price on shares of MongoDB from $270.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Citigroup increased their price objective on shares of MongoDB from $405.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday. Cantor Fitzgerald increased their price objective on shares of MongoDB from $271.00 to $312.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Stifel Nicolaus increased their price objective on shares of MongoDB from $275.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $307.71.

Insider Activity at MongoDB

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

Institutional Trading of MongoDB

Hedge funds have recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of MongoDB in the 1st quarter worth $25,000. Hollencrest Capital Management acquired a new stake in shares of MongoDB in the 1st quarter worth $26,000. Cullen Frost Bankers Inc. lifted its stake in shares of MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after acquiring an additional 120 shares during the period. Montag A & Associates Inc. lifted its stake in shares of MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock worth $36,000 after acquiring an additional 101 shares during the period. Finally, Promus Capital LLC acquired a new stake in shares of MongoDB in the 2nd quarter worth $36,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Trading Up 4.7%

The company has a market cap of $25.29 billion, a price-to-earnings ratio of -316.67 and a beta of 1.44. The company's 50 day moving average price is $218.36 and its 200 day moving average price is $206.87.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.76%. The company had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. During the same quarter last year, the business earned $0.51 EPS. The business's revenue was up 21.8% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.