MongoDB (NASDAQ:MDB) Shares Gap Up on Analyst Upgrade

Key Points

• MongoDB's stock price surged after UBS Group raised its price target from $240 to $310, opening at $282.05 compared to a previous close of $214.34.
• In addition to UBS, multiple analysts have increased their price targets for MongoDB, with Scotiabank and Bank of America setting targets of $280 and $275 respectively.
• Institutional investors hold 89.29% of MongoDB's stock, with notable increases in positions from AQR Capital Management and Vanguard Group in recent quarters.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report)'s share price gapped up prior to trading on Wednesday after UBS Group raised their price target on the stock from $240.00 to $310.00. The stock had previously closed at $214.34, but opened at $282.05. UBS Group currently has a neutral rating on the stock. MongoDB shares last traded at $285.28, with a volume of 7,983,104 shares changing hands.

A number of other analysts have also commented on MDB. Scotiabank increased their price objective on MongoDB from $230.00 to $280.00 and gave the company a "sector perform" rating in a research note on Wednesday. Bank of America raised their price target on MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Rosenblatt Securities reissued a "buy" rating and issued a $290.00 price target on shares of MongoDB in a research note on Friday, August 22nd. Zacks Research raised MongoDB to a "hold" rating in a research note on Friday, August 8th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of MongoDB in a research note on Wednesday. One investment 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $303.20.

Insider Transactions at MongoDB

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MDB. AQR Capital Management LLC grew its position in shares of MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock worth $233,435,000 after acquiring an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of MongoDB in the 1st quarter worth approximately $161,543,000. Norges Bank acquired a new position in shares of MongoDB in the 2nd quarter worth approximately $164,338,000. Primecap Management Co. CA grew its position in shares of MongoDB by 863.5% in the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock worth $152,694,000 after acquiring an additional 780,200 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of MongoDB by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock worth $1,796,321,000 after acquiring an additional 744,547 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Trading Up 31.4%

The company has a market cap of $23.01 billion, a price-to-earnings ratio of -247.25 and a beta of 1.44. The firm has a 50-day moving average price of $216.53 and a 200 day moving average price of $206.25.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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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