MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MongoDB, Inc. (NASDAQ:MDB) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, twenty-one have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $366.14.

MDB has been the subject of a number of recent research reports. Loop Capital boosted their target price on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Scotiabank increased their target price on shares of MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their price target on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. DA Davidson increased their price objective on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC boosted their target price on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the sale, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $349.17, for a total transaction of $698,340.00. Following the transaction, the director now directly owns 1,124,006 shares of the company’s stock, valued at approximately $392,469,175.02. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,775 shares of company stock valued at $9,264,812 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP raised its position in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares in the last quarter. Brooklyn Investment Group acquired a new stake in MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC lifted its stake in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in MongoDB during the 2nd quarter worth approximately $35,000. Finally, GAMMA Investing LLC increased its position in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $243.00 on Thursday. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of -88.69 and a beta of 1.17. The firm has a 50-day moving average of $289.29 and a two-hundred day moving average of $268.01. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the business earned $0.96 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. Research analysts expect that MongoDB will post -1.86 earnings per share for the current 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.