Zacks Research Upgrades MongoDB (NASDAQ:MDB) to "Strong-Buy"

Zacks Research upgraded MongoDB (NASDAQ:MDB) to "strong-buy" from "hold." Other analysts also raised their price targets, with Bank of America, DA Davidson, Robert W. Baird, BMO Capital Markets, and Stifel Nicolaus all giving "buy" or "outperform" ratings. MongoDB's stock opened at $396.73, with a market cap of $32.28 billion. Insiders sold shares recently, and institutional investors adjusted their positions. MongoDB reported strong earnings, surpassing estimates, and provided positive future guidance.

MongoDB (NASDAQ:MDB - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

MongoDB Just Posted a Blowout Quarter—But Is It Too Hot to Touch?

MDB has been the topic of several other reports. Bank of America lifted their price objective on MongoDB from $440.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday. DA Davidson lifted their price target on shares of MongoDB from $415.00 to $465.00 and gave the company a "buy" rating in a research report on Tuesday. Robert W. Baird boosted their price objective on shares of MongoDB from $335.00 to $500.00 and gave the stock an "outperform" rating in a research note on Tuesday. BMO Capital Markets raised their target price on shares of MongoDB from $415.00 to $455.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Stifel Nicolaus upped their price target on shares of MongoDB from $375.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average price target of $415.39.

View Our Latest Analysis on MongoDB

MongoDB Stock Down 2.3%

MongoDB: It’s No Trick, This AI Play Is a Treat

Shares of NASDAQ MDB opened at $396.73 on Wednesday. The stock has a market capitalization of $32.28 billion, a PE ratio of -456.01 and a beta of 1.45. The firm has a fifty day moving average of $338.61 and a 200-day moving average of $272.19. MongoDB has a 52-week low of $140.78 and a 52-week high of $419.50.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same period last year, the company posted $1.16 EPS. The business's quarterly revenue was up 18.7% on a year-over-year basis. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities research analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

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In other MongoDB news, Director Dwight A. Merriman sold 25,000 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares of the company's stock, valued at $345,543,017.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director owned 32,293 shares of the company's stock, valued at $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,172 shares of company stock worth $31,450,450 in the last quarter. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in MongoDB by 20.0% in the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company's stock worth $314,000 after purchasing an additional 249 shares in the last quarter. Acadian Asset Management LLC raised its stake in MongoDB by 181.8% during the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company's stock valued at $98,586,000 after buying an additional 362,705 shares in the last quarter. Red Spruce Capital LLC grew its position in shares of MongoDB by 11.8% in the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company's stock worth $2,842,000 after acquiring an additional 1,426 shares in the last quarter. Triton Financial Group Inc bought a new stake in shares of MongoDB in the 2nd quarter valued at approximately $782,000. Finally, Nordea Investment Management AB raised its position in shares of MongoDB by 11.7% during the 2nd quarter. Nordea Investment Management AB now owns 13,389 shares of the company's stock valued at $2,814,000 after acquiring an additional 1,404 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

(Get Free Report)

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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