MongoDB, Inc. (NASDAQ:MDB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of MongoDB, Inc. (NASDAQ:MDB) have received a consensus recommendation of “Moderate Buy” from the twenty-six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, nineteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $361.30.

A number of research firms have issued reports on MDB. Redburn Atlantic reiterated a “sell” rating and set a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Tigress Financial boosted their target price on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $290.00 target price on shares of MongoDB in a research note on Thursday, June 13th. Barclays cut their target price on MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Finally, DA Davidson upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 31st.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the sale, the director now directly owns 13,011 shares in the company, valued at $2,919,408.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the sale, the director now directly owns 13,011 shares in the company, valued at $2,919,408.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the sale, the director now owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,174 shares of company stock worth $6,615,752. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the company. Moody National Bank Trust Division raised its stake in MongoDB by 4.1% in the second quarter. Moody National Bank Trust Division now owns 1,553 shares of the company’s stock worth $388,000 after buying an additional 61 shares in the last quarter. Red Spruce Capital LLC raised its stake in MongoDB by 19.5% in the second quarter. Red Spruce Capital LLC now owns 5,419 shares of the company’s stock worth $1,355,000 after buying an additional 886 shares in the last quarter. Cetera Advisors LLC raised its stake in MongoDB by 106.9% in the first quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after buying an additional 805 shares in the last quarter. Cetera Investment Advisers raised its stake in MongoDB by 327.6% in the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock worth $3,899,000 after buying an additional 8,330 shares in the last quarter. Finally, Atria Investments Inc raised its stake in MongoDB by 1.2% in the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after buying an additional 39 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Performance

Shares of MDB opened at $264.94 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The stock has a 50-day moving average of $298.84 and a 200-day moving average of $363.02. The company has a market cap of $19.43 billion, a PE ratio of -94.28 and a beta of 1.13. MongoDB has a one year low of $214.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting the consensus estimate of ($0.80). The company had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. On average, equities research analysts predict that MongoDB will post -2.67 EPS for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.