MongoDB’s (MDB) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of MongoDB (NASDAQ:MDB) in a research note published on Tuesday morning,Benzinga reports. They currently have a $500.00 price objective on the stock.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company increased their price target on shares of MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald upped their price objective on MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Citigroup raised their price objective on MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Rosenblatt Securities boosted their target price on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, DA Davidson increased their price target on MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $422.29.

MongoDB Stock Performance

NASDAQ MDB opened at $404.64 on Tuesday. The stock has a 50 day moving average price of $395.49 and a 200-day moving average price of $324.35. MongoDB has a one year low of $140.78 and a one year high of $444.72. The company has a market capitalization of $32.93 billion, a P/E ratio of -465.10 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last announced its quarterly 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 net margin of 3.06% and a negative return on equity of 1.12%. The company had revenue of $628.31 million for the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the previous year, the business posted $1.16 earnings per share. MongoDB’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. As a group, equities analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director owned 25,659 shares in the company, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,139 shares of MongoDB stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $388.31, for a total value of $442,285.09. Following the sale, the director owned 81,652 shares of the company’s stock, valued at approximately $31,706,288.12. This trade represents a 1.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 82,162 shares of company stock valued at $32,384,092 over the last quarter. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its stake in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after acquiring an additional 327 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after purchasing an additional 1,504 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of MongoDB in the second quarter valued at approximately $329,000. Wealth Enhancement Advisory Services LLC grew its stake in MongoDB by 0.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,603 shares of the company’s stock worth $4,565,000 after purchasing an additional 192 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in MongoDB by 15.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 15,951 shares of the company’s stock worth $3,350,000 after purchasing an additional 2,155 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Needham & Company reiterated its Buy rating on MDB, reinforcing institutional confidence in growth and likely supporting demand for shares. Needham Reiterates Buy
• Positive Sentiment: Truist reiterated a Buy rating after a positive local San Francisco event, which can boost sentiment among growth-oriented investors. Truist Reiterates Buy
• Positive Sentiment: MDB was included in media lists recommending software names to buy for exposure to cloud-native / AI tailwinds, which can attract retail and thematic ETF flows. Software Stocks to Buy
• Neutral Sentiment: Analysis piece examines MDB’s valuation after a recent pullback and highlights a DCF “fair value gap” — useful for longer-term investors but not an immediate catalyst. Valuation Assessment
• Neutral Sentiment: Coverage noting that Nasdaq index funds track cloud-native software (including MongoDB) may support passive inflows over time; not an immediate driver but structurally positive. Index Fund Coverage
• Positive Sentiment: Unusually large call option purchases were reported (36,130 calls), which often signals bullish speculative positioning or hedged buy-side activity and can amplify upside in the underlying shares. (news aggregation)
• Negative Sentiment: At the same time, large put option activity was also reported (23,831 puts) and separate reports highlighted heavy put buying; this indicates some traders are hedging or betting on a pullback, adding volatility risk. Large Put Options
• Neutral Sentiment: Yahoo Finance roundup noted MDB among several software names trading up — useful confirmation of broad market interest but not a standalone catalyst. Market Roundup

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.