Monness Crespi & Hardt Forecasts Strong Price Appreciation for MongoDB (NASDAQ:MDB) Stock

Key Points

• Analysts at Monness Crespi & Hardt boosted their target price for MongoDB (NASDAQ:MDB) from $295.00 to $360.00, suggesting a potential upside of 67.96%.
• The consensus rating for MongoDB is a "Moderate Buy", with one analyst giving a Strong Buy rating, and 27 others assigning a Buy rating.
• MongoDB reported a 21.8% year-over-year increase in revenue, achieving $549.01 million in the latest quarter, significantly surpassing analyst expectations.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price raised by research analysts at Monness Crespi & Hardt from $295.00 to $360.00 in a report released on Wednesday, Marketbeat reports. The brokerage presently has a "buy" rating on the stock. Monness Crespi & Hardt's target price would indicate a potential upside of 67.96% from the stock's previous close.

A number of other equities research analysts also recently weighed in on MDB. Citigroup upped their price target on shares of MongoDB from $395.00 to $405.00 and gave the company a "buy" rating in a report on Monday, August 18th. Cantor Fitzgerald increased their price target on shares of MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Royal Bank Of Canada restated an "outperform" rating and issued a $320.00 price objective on shares of MongoDB in a report on Thursday, June 5th. JMP Securities reiterated a "market outperform" rating and set a $345.00 price target on shares of MongoDB in a report on Thursday, June 5th. Finally, Bank of America increased their price target on MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $292.74.

MongoDB Price Performance

MDB stock opened at $214.34 on Wednesday. MongoDB has a 1-year low of $140.78 and a 1-year high of $370.00. The firm has a fifty day moving average price of $216.53 and a two-hundred day moving average price of $206.25. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of -188.02 and a beta of 1.44.

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

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the sale, the chief executive officer owned 256,974 shares of the company's stock, valued at $60,131,916. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 111 Capital acquired a new stake in MongoDB in the fourth quarter worth about $390,000. Park Avenue Securities LLC increased its position in MongoDB by 52.6% in the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock worth $461,000 after purchasing an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in MongoDB by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock worth $1,359,000 after purchasing an additional 298 shares during the period. Sowell Financial Services LLC acquired a new stake in MongoDB in the first quarter worth about $263,000. Finally, Farther Finance Advisors LLC increased its position in MongoDB by 57.2% in the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock worth $219,000 after purchasing an additional 452 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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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