MongoDB (MDB) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of MongoDB (NASDAQ: MDB) recently:

• 1/21/2025 – MongoDB had its price target lowered by analysts at Scotiabank from $350.00 to $275.00. They now have a “sector perform” rating on the stock.
• 1/21/2025 – MongoDB is now covered by analysts at China Renaissance. They set a “buy” rating and a $351.00 price target on the stock.
• 1/17/2025 – MongoDB is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $344.00 price target on the stock.
• 1/16/2025 – MongoDB was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating. They now have a $344.00 price target on the stock.
• 1/10/2025 – MongoDB had its price target lowered by analysts at Barclays PLC from $400.00 to $330.00. They now have an “overweight” rating on the stock.
• 1/6/2025 – MongoDB was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $300.00 price target on the stock.
• 12/18/2024 – MongoDB had its price target raised by analysts at Tigress Financial from $400.00 to $430.00. They now have a “buy” rating on the stock.
• 12/17/2024 – MongoDB is now covered by analysts at Rosenblatt Securities. They set a “buy” rating and a $350.00 price target on the stock.
• 12/16/2024 – MongoDB was downgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “sell” rating. They now have a $220.00 price target on the stock.
• 12/16/2024 – MongoDB had its price target raised by analysts at Citigroup Inc. from $400.00 to $430.00. They now have a “buy” rating on the stock.
• 12/12/2024 – MongoDB is now covered by analysts at Macquarie. They set a “neutral” rating and a $300.00 price target on the stock.
• 12/11/2024 – MongoDB had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $380.00 price target on the stock.
• 12/11/2024 – MongoDB had its price target raised by analysts at Canaccord Genuity Group Inc. from $325.00 to $385.00. They now have a “buy” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Scotiabank from $295.00 to $350.00. They now have a “sector perform” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Wells Fargo & Company from $350.00 to $425.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – MongoDB had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $425.00 price target on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Barclays PLC from $375.00 to $400.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Morgan Stanley from $340.00 to $350.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Oppenheimer Holdings Inc. from $350.00 to $400.00. They now have an “outperform” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Royal Bank of Canada from $350.00 to $400.00. They now have an “outperform” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Robert W. Baird from $380.00 to $390.00. They now have an “outperform” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Mizuho from $275.00 to $320.00. They now have a “neutral” rating on the stock.
• 12/10/2024 – MongoDB had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $400.00 price target on the stock, up previously from $320.00.
• 12/10/2024 – MongoDB had its price target raised by analysts at DA Davidson from $340.00 to $405.00. They now have a “buy” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at The Goldman Sachs Group, Inc. from $340.00 to $390.00. They now have a “buy” rating on the stock.
• 12/10/2024 – MongoDB had its price target raised by analysts at Needham & Company LLC from $335.00 to $415.00. They now have a “buy” rating on the stock.
• 12/9/2024 – MongoDB had its price target raised by analysts at Stifel Nicolaus from $325.00 to $360.00. They now have a “buy” rating on the stock.

MongoDB Stock Up 2.7 %

MDB opened at $275.97 on Wednesday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a 50-day simple moving average of $269.75 and a two-hundred day simple moving average of $270.24. The company has a market capitalization of $20.55 billion, a PE ratio of -100.72 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the firm earned $0.96 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $60,840,147.06. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,491 shares of company stock valued at $10,745,480 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently bought and sold shares of the business. B.O.S.S. Retirement Advisors LLC purchased a new stake in MongoDB in the 4th quarter valued at about $606,000. Aigen Investment Management LP purchased a new stake in shares of MongoDB in the third quarter valued at approximately $1,045,000. Geode Capital Management LLC grew its stake in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MongoDB during the 3rd quarter worth $4,366,000. Finally, Charles Schwab Investment Management Inc. raised its position in MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.