UBS Group Issues Positive Forecast for MongoDB (NASDAQ:MDB) Stock Price

Key Points

• UBS Group has raised its target price for MongoDB (NASDAQ:MDB) from $240 to $310, indicating a potential upside of 8.84% from its current price.
• MongoDB reported a quarterly earnings surprise, posting $1.00 EPS against a consensus estimate of $0.65, with a year-over-year revenue growth of 21.8%.
• Insider selling has been observed, with CEO Dev Ittycheria selling 8,335 shares, highlighting a 3.40% decrease in his ownership stake.

MongoDB (NASDAQ:MDB - Get Free Report) had its target price raised by stock analysts at UBS Group from $240.00 to $310.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 8.84% from the stock's current price.

MDB has been the subject of a number of other reports. Bank of America boosted their price objective on MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Loop Capital downgraded MongoDB from a "buy" rating to a "hold" rating and cut their price objective for the company from $350.00 to $190.00 in a research note on Tuesday, May 20th. Sanford C. Bernstein restated an "outperform" rating on shares of MongoDB in a research note on Wednesday. Macquarie restated a "neutral" rating and issued a $230.00 price target (up from $215.00) on shares of MongoDB in a research note on Friday, June 6th. Finally, Stephens started coverage on MongoDB in a research note on Friday, July 18th. They issued an "equal weight" rating and a $247.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $303.20.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $70.49 during mid-day trading on Wednesday, reaching $284.83. 7,983,104 shares of the company traded hands, compared to its average volume of 2,368,321. The company's 50 day moving average price is $216.53 and its 200-day moving average price is $206.25. The firm has a market cap of $23.27 billion, a PE ratio of -249.34 and a beta of 1.44. MongoDB has a 52 week low of $140.78 and a 52 week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced 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. The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The firm's revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, research analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction 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 sale, the chief executive officer owned 236,557 shares in the company, valued at approximately $57,693,886.73. This represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director owned 21,096 shares in the company, valued at $4,241,983.68. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock valued at $11,936,656 in the last ninety days. Corporate insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock valued at $1,796,321,000 after acquiring an additional 744,547 shares during the last quarter. State Street Corp increased its stake in MongoDB by 5.0% in the second quarter. State Street Corp now owns 1,693,194 shares of the company's stock worth $355,554,000 after purchasing an additional 80,334 shares during the period. Geode Capital Management LLC increased its stake in MongoDB by 5.2% in the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company's stock worth $292,597,000 after purchasing an additional 68,611 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock worth $223,011,000 after purchasing an additional 129,451 shares during the period. Finally, AQR Capital Management LLC increased its stake in MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock worth $233,435,000 after purchasing an additional 1,069,969 shares during the period. Institutional investors own 89.29% of the company's stock.

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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