MongoDB’s (MDB) Buy Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of MongoDB (NASDAQ:MDB) in a research report report published on Thursday,Benzinga reports. DA Davidson currently has a $275.00 price objective on the stock. DA Davidson also issued estimates for MongoDB’s Q2 2026 earnings at ($0.60) EPS.

A number of other equities research analysts have also commented on MDB. UBS Group increased their price objective on shares of MongoDB from $213.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday. Cantor Fitzgerald raised their target price on shares of MongoDB from $252.00 to $271.00 and gave the company an “overweight” rating in a research note on Thursday. Scotiabank lifted their price target on shares of MongoDB from $160.00 to $230.00 and gave the stock a “sector perform” rating in a research report on Thursday. Morgan Stanley lowered their price target on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Loop Capital cut shares of MongoDB from a “buy” rating to a “hold” rating and lowered their price target for the stock from $350.00 to $190.00 in a research report on Tuesday, May 20th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $282.47.

MongoDB Stock Down 2.3%

Shares of NASDAQ:MDB opened at $220.14 on Thursday. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00. The company’s 50-day moving average price is $176.52 and its two-hundred day moving average price is $229.93. The firm has a market cap of $17.87 billion, a P/E ratio of -80.34 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 21.8% on a year-over-year basis. As a group, equities analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. The trade was a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total transaction of $205,260.75. Following the completion of the sale, the director now directly owns 19,333 shares in the company, valued at approximately $3,377,281.77. This represents a 5.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,203 shares of company stock valued at $3,848,569. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

A number of institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its position in shares of MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after purchasing an additional 362,705 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of MongoDB by 4.3% in the first quarter. IFM Investors Pty Ltd now owns 13,796 shares of the company’s stock worth $2,420,000 after purchasing an additional 569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of 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 in the last quarter. Woodline Partners LP lifted its position in shares of MongoDB by 30,297.0% in the first quarter. Woodline Partners LP now owns 322,208 shares of the company’s stock worth $56,515,000 after purchasing an additional 321,148 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its position in shares of MongoDB by 36.1% in the first quarter. Meiji Yasuda Life Insurance Co now owns 3,997 shares of the company’s stock worth $701,000 after purchasing an additional 1,060 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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.