MongoDB (NASDAQ:MDB) Given New $330.00 Price Target at Piper Sandler

MongoDB (NASDAQ:MDB) had its target price decreased by stock analysts at Piper Sandler from $490.00 to $330.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 27.11% from the stock’s previous close.

MDB has been the topic of several other reports. Robert W. Baird reaffirmed a “neutral” rating and set a $260.00 price objective (down from $500.00) on shares of MongoDB in a report on Tuesday. Needham & Company LLC lowered their price target on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday. Monness Crespi & Hardt dropped their price target on shares of MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a research note on Tuesday. Bank of America reiterated a “buy” rating on shares of MongoDB in a research note on Tuesday. Finally, Cantor Fitzgerald lowered their target price on shares of MongoDB from $454.00 to $378.00 and set an “overweight” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $365.24.

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $65.39 during midday trading on Tuesday, hitting $259.62. 8,732,862 shares of the company’s stock were exchanged, compared to its average volume of 1,890,417. The stock has a 50 day moving average price of $383.23 and a 200-day moving average price of $351.77. The company has a market cap of $21.13 billion, a PE ratio of -298.41 and a beta of 1.40. MongoDB has a 12 month low of $140.78 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. On average, analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the sale, the director owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 25,659 shares in the company, valued at $10,824,249.15. This trade represents a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,354 shares of company stock worth $23,474,994. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Cornerstone Planning Group LLC grew its stake in shares of MongoDB by 1,220.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the period. Central Pacific Bank Trust Division purchased a new position in MongoDB during the fourth quarter valued at approximately $28,000. Huntington National Bank boosted its position in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of MongoDB in the fourth quarter worth $33,000. Finally, Montag A & Associates Inc. raised its position in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 beat and strong growth: MongoDB reported FQ4 revenue of $695.1M (up ~27% YoY) and EPS of $1.65, above expectations; Atlas growth and customer adds remain robust, supporting the multi?year growth story. Press Release: FQ4 Results
• Positive Sentiment: Solid full?year outlook: Management raised FY2027 EPS guidance materially (5.75–5.93 vs. consensus ~3.41) and gave a full?year revenue target near $2.9B — a signal that company expects stronger annual performance despite a weaker Q1 outlook. Earnings Presentation / Release
• Neutral Sentiment: Some analysts reaffirm conviction: Guggenheim reaffirmed a “buy” with a $475 target, signaling that some firms still view MDB as a long?term grower despite the pullback. Benzinga: Guggenheim Reaffirmed
• Neutral Sentiment: Market commentary sees a dip-buy case: Several outlets framed the sell?off as an overreaction given underlying growth and improving margins, suggesting potential buying opportunities for longer?term investors. MarketBeat: Buying Opportunity
• Negative Sentiment: Weak near?term guidance (Q1) — the main catalyst: MongoDB guided Q1 EPS and revenue below street consensus (Q1 EPS guide ~1.15–1.19 vs. consensus ~0.64 on one report, but the company’s Q1 revenue band was slightly below expectations in other summaries), which investors treated as a “guidance whiff” and a reason to sell into the print. Schaeffer Research: Guidance Whiff
• Negative Sentiment: Executive departures: The unexpected exits in senior go?to?market roles (President of Field Operations and CRO) heightened investor concern about near?term sales execution and contributed to the sell?off. Blockonomi: Exec Departures
• Negative Sentiment: Widespread price?target cuts: Multiple brokers (Wells Fargo, Barclays, Wedbush, Cantor Fitzgerald, Oppenheimer, RBC, Mizuho, Scotiabank, Truist and others) lowered targets — many still rate MDB overweight/outperform but trimmed targets — adding selling pressure and indicating analysts are reassessing near?term assumptions. MarketScreener: Analyst Target Changes

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.