Piper Sandler Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

Key Points

• Analysts at Piper Sandler raised their price target for MongoDB from $275.00 to $345.00, suggesting a potential upside of 60.96% from its previous close.
• MongoDB's average rating is classified as a Moderate Buy, with one analyst rating it as a Strong Buy and 27 as a Buy.
• The company reported a $1.00 EPS last quarter, exceeding the consensus estimate of $0.65, reflecting a revenue increase of 21.8% year over year.

MongoDB (NASDAQ:MDB - Get Free Report) had its price objective lifted by analysts at Piper Sandler from $275.00 to $345.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price objective would suggest a potential upside of 60.96% from the company's previous close.

MDB has been the subject of a number of other research reports. Wolfe Research lifted their price target on MongoDB from $280.00 to $350.00 and gave the stock an "outperform" rating in a research report on Wednesday. Stephens started coverage on MongoDB in a research report on Friday, July 18th. They set an "equal weight" rating and a $247.00 price target for the company. Wedbush reaffirmed an "outperform" rating and set a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Guggenheim reaffirmed a "buy" rating and set a $260.00 price target on shares of MongoDB in a research report on Thursday, August 14th. Finally, William Blair reiterated an "outperform" rating on shares of MongoDB in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $292.74.

MongoDB Trading Down 1.9%

Shares of MDB opened at $214.34 on Wednesday. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00. The stock has a fifty day moving average price of $216.53 and a 200-day moving average price of $206.25. The firm has a market cap of $17.51 billion, a PE ratio of -188.02 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the prior year, the business 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. As a group, research analysts forecast that MongoDB will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the completion of the sale, the chief executive officer directly owned 236,557 shares in the company, valued at approximately $57,693,886.73. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director owned 21,096 shares of the company's stock, valued at $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,416 shares of company stock worth $11,936,656. Corporate insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new position in MongoDB in the first quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new position in MongoDB during the first quarter worth $26,000. Cullen Frost Bankers Inc. lifted its stake in MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after purchasing an additional 120 shares in the last quarter. Montag A & Associates Inc. lifted its stake in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in MongoDB during the second quarter worth $36,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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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