MongoDB (NASDAQ:MDB – Get Free Report) had its price target hoisted by stock analysts at Robert W. Baird from $260.00 to $335.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 0.10% from the stock’s previous close.
A number of other research firms have also weighed in on MDB. UBS Group decreased their target price on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Wedbush decreased their target price on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Stifel Nicolaus cut their price target on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Oppenheimer cut their price target on shares of MongoDB from $425.00 to $375.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Finally, Wall Street Zen cut shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Twenty-six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $373.37.
View Our Latest Research Report on MongoDB
MongoDB Trading Up 1.4%
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The business had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. Research analysts forecast that MongoDB will post -0.46 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the sale, the director owned 470,896 shares of the company’s stock, valued at $148,322,822.08. This represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,566 shares of company stock valued at $8,744,791 over the last quarter. 3.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On MongoDB
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after buying an additional 431,382 shares during the last quarter. ValueAct Holdings L.P. raised its holdings in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the last quarter. State Street Corp raised its holdings in MongoDB by 2.3% during the 4th quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after buying an additional 40,219 shares during the last quarter. Amundi raised its holdings in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in MongoDB by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,444,384 shares of the company’s stock worth $604,429,000 after purchasing an additional 9,693 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.
MongoDB News Summary
Here are the key news stories impacting MongoDB this week:
- Positive Sentiment: Bank of America raised its price target on MongoDB to $375 from $350 and kept a Buy rating, citing confidence in demand trends, execution, and Atlas momentum. MongoDB price target lifted by Bank of America ahead of earnings
- Positive Sentiment: RBC reaffirmed an Outperform rating and lifted its target to $395, while other firms also turned more constructive, reinforcing the view that MongoDB could deliver solid near-term results. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
- Positive Sentiment: New AI-focused features announced in May, including automated embeddings, MongoDB 8.3 performance upgrades, and deeper AI integrations, support the thesis that Atlas is becoming an all-in-one AI data platform. Is MongoDB’s (MDB) All-in-One AI Data Push Quietly Reshaping Its Long-Term Competitive Moat?
- Positive Sentiment: Some investors view the stock’s recent weakness as a valuation reset rather than a business problem, arguing that MongoDB is now priced more reasonably relative to its long-term growth story. I’ve Changed My Mind on MongoDB Stock — The Great Repricing Makes It a Buy
- Neutral Sentiment: A recent article argued the “profitability arc” may already be partly priced in, suggesting the upside depends on MongoDB continuing to execute rather than simply improving margins. MongoDB: The Profitability Arc Is Priced In, Here Is Why The Bull Case Still Has Legs
- Neutral Sentiment: CEO compensation disclosure and insider selling were notable headlines, but the sales were disclosed as part of a pre-arranged 10b5-1 plan, making them less likely to signal a fundamental change in outlook. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
MongoDB Company Profile
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.
Featured Articles
- Five stocks we like better than MongoDB
- Vertical Aerospace: Pre-Flight Checks Point to a Breakout
- Palo Alto Networks Up 70%: Can the Rally Last Into June?
- Block’s Pivot to Profits and AI Is Turning Heads
- HIVE Weaponizes Power for an AI Pivot
Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.
