MongoDB (NASDAQ:MDB) Shares Gap Up After Analyst Upgrade

Posted by on May 28th, 2026

MongoDB, Inc. (NASDAQ:MDB – Get Free Report)’s stock price gapped up prior to trading on Thursday after Canaccord Genuity Group raised their price target on the stock from $375.00 to $400.00. The stock had previously closed at $294.46, but opened at $321.50. Canaccord Genuity Group currently has a buy rating on the stock. MongoDB shares last traded at $326.7040, with a volume of 955,624 shares changing hands.

Other equities research analysts also recently issued reports about the company. UBS Group decreased their price objective on MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Piper Sandler cut their target price on MongoDB from $490.00 to $330.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Needham & Company LLC decreased their price target on MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Sanford C. Bernstein downgraded MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Finally, Barclays dropped their price objective on shares of MongoDB from $440.00 to $370.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Twenty-six equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $374.13.

Get Our Latest Stock Analysis on MDB

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the sale, the director directly owned 993,316 shares in the company, valued at approximately $295,998,234.84. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the sale, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 31,566 shares of company stock worth $8,744,791. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC boosted its position in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares during the period. NewEdge Advisors LLC raised its stake in shares of MongoDB by 55.0% during the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after acquiring an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MongoDB during the second quarter valued at approximately $329,000. Cresset Asset Management LLC boosted its holdings in shares of MongoDB by 13.4% in the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after purchasing an additional 370 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,697 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Up 11.7%

The company has a market cap of $26.43 billion, a P/E ratio of -373.63 and a beta of 1.48. The firm has a 50 day moving average of $271.03 and a 200-day moving average of $333.98.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same period in the previous year, the company posted $1.28 EPS. MongoDB’s revenue was up 26.8% on a year-over-year basis. On average, research analysts predict that MongoDB, Inc. will post -0.46 EPS for the current fiscal year.

About MongoDB

(Get Free Report)

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.

Further Reading

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