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

MongoDB, Inc. (NASDAQ:MDB) has earned a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $337.56.

MDB has been the subject of several analyst reports. Needham & Company LLC increased their target price on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a report on Friday, August 30th. Mizuho lifted their target price on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Loop Capital reduced their target price on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. Robert W. Baird dropped their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Finally, Barclays reduced their price objective on MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, May 31st.

MongoDB Stock Performance

Shares of MDB opened at $279.48 on Tuesday. The firm has a market capitalization of $20.50 billion, a P/E ratio of -99.46 and a beta of 1.15. MongoDB has a 52 week low of $212.74 and a 52 week high of $509.62. The stock has a 50 day moving average price of $259.60 and a two-hundred day moving average price of $296.21. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter in the prior year, the company posted ($0.63) earnings per share. MongoDB’s revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that MongoDB will post -2.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the transaction, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at $4,589,041.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other MongoDB news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The disclosure for this sale can be found here. Insiders have sold 22,005 shares of company stock worth $5,802,746 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

A number of hedge funds have recently made changes to their positions in MDB. Norges Bank bought a new stake in MongoDB during the fourth quarter worth about $326,237,000. Jennison Associates LLC lifted its position in MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after buying an additional 551,567 shares during the last quarter. Swedbank AB boosted its stake in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after buying an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Finally, Axiom Investors LLC DE purchased a new position in MongoDB in the 4th quarter worth $153,990,000. 89.29% of the stock is owned by institutional investors.

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.