MongoDB (NASDAQ:MDB) Price Target Raised to $405.00

MongoDB (NASDAQ:MDB) had its price target lifted by DA Davidson from $340.00 to $405.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for MongoDB’s Q4 2025 earnings at ($0.57) EPS, FY2025 earnings at ($1.76) EPS and FY2026 earnings at ($2.02) EPS.

MDB has been the subject of several other research reports. Sanford C. Bernstein raised their target price on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Robert W. Baird raised their target price on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday. Piper Sandler reissued an “overweight” rating and set a $425.00 target price on shares of MongoDB in a research note on Tuesday. Needham & Company LLC raised their target price on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Truist Financial raised their target price on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $370.08.

MongoDB Price Performance

Shares of MongoDB stock opened at $288.61 on Tuesday. The business has a 50 day simple moving average of $293.13 and a two-hundred day simple moving average of $269.12. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating 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 firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, research analysts predict that MongoDB will post -2.29 EPS for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $323.00, for a total value of $969,000.00. Following the sale, the director now directly owns 1,121,006 shares of the company’s stock, valued at $362,084,938. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,600 shares of company stock worth $7,611,849. Company insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors have recently bought and sold shares of the business. Jennison Associates LLC increased its position in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Swedbank AB increased its position in shares of MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of MongoDB during the second quarter worth about $52,131,000. Finally, Avala Global LP acquired a new stake in shares of MongoDB during the third quarter worth about $47,960,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.