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

Shares of MongoDB, Inc. (NASDAQ:MDB) have earned an average rating of “Moderate Buy” from the thirty-one analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $361.00.

A number of equities analysts have weighed in on MDB shares. Royal Bank of Canada boosted their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Needham & Company LLC upped their target price on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, January 6th. Oppenheimer boosted their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Barclays cut their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th.

MongoDB Stock Performance

NASDAQ MDB opened at $292.97 on Friday. The stock has a fifty day moving average of $264.56 and a 200-day moving average of $271.42. The stock has a market capitalization of $21.82 billion, a P/E ratio of -106.92 and a beta of 1.28. MongoDB has a 52 week low of $212.74 and a 52 week high of $488.00.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $497.39 million. During the same period last year, the company earned $0.96 EPS. The firm’s revenue was up 22.3% on a year-over-year basis. Equities research analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,094 shares of company stock valued at $11,705,293 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in 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 period. CWM LLC lifted its holdings in shares of MongoDB by 5.0% during the 3rd quarter. CWM LLC now owns 3,269 shares of the company’s stock worth $884,000 after acquiring an additional 156 shares during the last quarter. Creative Planning lifted its holdings in shares of MongoDB by 16.2% during the 3rd quarter. Creative Planning now owns 17,418 shares of the company’s stock worth $4,709,000 after acquiring an additional 2,427 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in MongoDB by 10.5% in the third quarter. Bleakley Financial Group LLC now owns 939 shares of the company’s stock worth $254,000 after purchasing an additional 89 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in MongoDB by 5.4% in the third quarter. Stonegate Investment Group LLC now owns 6,979 shares of the company’s stock worth $1,887,000 after purchasing an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.