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

Key Points

• MongoDB's stock rating was downgraded from "buy" to "hold" by Wall Street Zen, indicating a more cautious outlook on its performance.
• Multiple research firms have increased their price targets for MongoDB, with new estimates ranging from $320 to $375, while it currently has a consensus rating of "Moderate Buy."
• The company reported disappointing quarterly earnings with a loss of ($0.38) EPS, missing the consensus estimate, but revenue grew 23.7% year-over-year to $591.4 million.

MongoDB (NASDAQ:MDB - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Several other research analysts also recently commented on MDB. DA Davidson raised their price objective on MongoDB from $325.00 to $365.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Truist Financial raised their price objective on MongoDB from $330.00 to $375.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Canaccord Genuity Group raised their price objective on MongoDB from $340.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Robert W. Baird raised their price objective on MongoDB from $260.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Finally, Scotiabank raised their price objective on MongoDB from $280.00 to $320.00 and gave the stock a "sector perform" rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $342.69.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $318.53 on Friday. The stock's 50-day simple moving average is $294.73 and its two-hundred day simple moving average is $229.61. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of -325.03 and a beta of 1.50.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. During the same period last year, the business earned $0.70 EPS. The firm's quarterly 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. As a group, equities analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the transaction, the director owned 32,293 shares in the company, valued at $10,394,147.91. This trade represents a 38.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the transaction, the director owned 24,308 shares of the company's stock, valued at $7,971,322.44. This represents a 4.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,163 shares of company stock worth $36,886,482. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

Institutional investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in MongoDB during the 1st quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new position in MongoDB during the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. grew its holdings in 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 buying an additional 120 shares in the last quarter. Montag A & Associates Inc. grew its holdings in 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 buying an additional 101 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in shares of MongoDB in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

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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