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

Shares of MongoDB, Inc. (NASDAQ:MDB) have been assigned a consensus rating of “Moderate Buy” from the thirty analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $363.93.

A number of brokerages have issued reports on MDB. Oppenheimer raised their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Barclays decreased their price objective on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, January 10th. JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research note on Wednesday, December 11th. KeyCorp upped their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group increased their price target on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th.

Insider Activity

In related news, CAO Thomas Bull sold 169 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $269.57, for a total value of $808,710.00. Following the completion of the transaction, the director now owns 1,127,006 shares in the company, valued at approximately $303,807,007.42. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,821 shares of company stock worth $6,831,215. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilltop National Bank increased its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Quarry LP increased its holdings in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new position in MongoDB during the 3rd quarter valued at about $36,000. GAMMA Investing LLC lifted its holdings in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares during the period. Finally, Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of MDB stock opened at $253.11 on Monday. The stock’s 50 day simple moving average is $278.24 and its 200 day simple moving average is $269.19. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of -92.38 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. On average, analysts forecast that MongoDB will post -1.79 EPS for the current fiscal year.

About MongoDB

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.