DA Davidson Reiterates "Buy" Rating for MongoDB (NASDAQ:MDB)

MongoDB (NASDAQ:MDB - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at DA Davidson in a research note issued on Thursday,Benzinga reports. They presently have a $275.00 target price on the stock. DA Davidson's price target would suggest a potential upside of 22.92% from the stock's current price. DA Davidson also issued estimates for MongoDB's Q2 2026 earnings at ($0.60) EPS.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird cut their price objective on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Monness Crespi & Hardt upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target on the stock in a report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $270.00 price target on shares of MongoDB in a report on Thursday. Truist Financial cut their price target on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target on the stock in a report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $282.00.

MongoDB Stock Down 0.7%

MongoDB stock traded down $1.67 during mid-day trading on Thursday, reaching $223.72. 490,561 shares of the company's stock traded hands, compared to its average volume of 1,940,291. The company has a market cap of $18.16 billion, a price-to-earnings ratio of -82.20 and a beta of 1.40. The stock has a 50 day moving average of $175.65 and a two-hundred day moving average of $230.40. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results 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 net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. MongoDB's revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,175 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total value of $205,260.75. Following the sale, the director now directly owns 19,333 shares of the company's stock, valued at $3,377,281.77. This represents a 5.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 301 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,203 shares of company stock valued at $3,848,569 in the last three months. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after purchasing an additional 372 shares during the period. Jones Financial Companies Lllp grew its stake in shares of MongoDB by 68.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock worth $237,000 after purchasing an additional 413 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after purchasing an additional 134 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of MongoDB by 12.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company's stock worth $272,000 after purchasing an additional 133 shares during the period. Finally, Stanley Laman Group Ltd. acquired a new stake in MongoDB in the 4th quarter valued at $7,520,000. Institutional investors and hedge funds 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.