Canaccord Genuity Group Issues Pessimistic Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price target decreased by equities researchers at Canaccord Genuity Group from $455.00 to $375.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 48.03% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Piper Sandler decreased their target price on shares of MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a report on Tuesday. Sanford C. Bernstein downgraded MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Guggenheim reiterated a “buy” rating and issued a $475.00 price objective on shares of MongoDB in a report on Tuesday. Citizens Jmp increased their price target on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a report on Tuesday, December 2nd. Finally, Monness Crespi & Hardt dropped their price target on MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a research report on Tuesday. Two equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $357.82.

MongoDB Trading Down 22.1%

NASDAQ MDB traded down $71.69 during mid-day trading on Tuesday, reaching $253.32. 11,109,701 shares of the company’s stock traded hands, compared to its average volume of 1,943,822. The company has a market cap of $20.62 billion, a price-to-earnings ratio of -291.17 and a beta of 1.40. The company has a fifty day simple moving average of $383.23 and a 200-day simple moving average of $351.77. MongoDB has a 1-year low of $140.78 and a 1-year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same period in the prior year, the company earned $1.28 earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. Equities research analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the sale, the chief accounting officer directly owned 10,784 shares in the company, valued at $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated 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 directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 57,354 shares of company stock worth $23,474,994 in the last quarter. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several large investors have recently made changes to their positions in the stock. Central Pacific Bank Trust Division bought a new position in MongoDB during the 4th quarter worth $28,000. Cornerstone Planning Group LLC boosted its holdings in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC acquired a new position in shares of MongoDB during the 4th quarter worth approximately $33,000. Root Financial Partners LLC increased its holdings in shares of MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after purchasing an additional 32 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $38,000. Institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Q4 results beat expectations — revenue $695.1M (+27% Y/Y) and EPS $1.65 beat consensus; Atlas and subscription growth remained healthy and the company added ~2,700 customers. This supports MongoDB’s longer-term growth thesis. PR Newswire: Q4 Results
• Neutral Sentiment: Some analysts and commentators see the sell-off as overdone and point to a durable long-term outlook (AI positioning, solid margins, incoming CCO Erica Volini) — providing a potential buying opportunity if fundamentals remain intact. MarketBeat: Buying Opportunity
• Negative Sentiment: Guidance and growth concerns drove the move: several outlets report a softer near-term outlook for Atlas/cloud growth and a profit outlook that disappointed investors, prompting sharp selling. That forward uncertainty is the primary proximate cause of the drop. Reuters: Weak Cloud Growth & Muted Forecast
• Negative Sentiment: Unexpected executive departures (president of field ops and CRO) heightened fear about near-term go-to-market execution; management changes are cited as a catalyst for the sell-off even though the new CCO is viewed by some as a constructive hire. MarketBeat: Management Shakeup
• Negative Sentiment: Rapid analyst re-rating: multiple firms cut price targets (examples include UBS to $275, Cantor Fitzgerald, Barclays, Wells Fargo, RBC and others trimming targets), and at least one downgrade (Baird) cited Atlas growth and AI-revenue timing concerns — adding selling pressure and reducing near-term investor conviction. Benzinga: Analyst Actions
• Negative Sentiment: Market technicals and flows: heavy intraday volume, rising short interest and some institutional distribution amplified the move, meaning price action could remain volatile near-term even if fundamentals recover. Schaeffers: Aftermath & Flows

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.