Brokerages Set MongoDB, Inc. (NASDAQ:MDB) Price Target at $319.87

MongoDB, Inc. (NASDAQ:MDB) has been assigned a consensus rating of “Moderate Buy” from the thirty-one analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $319.87.

Several analysts recently issued reports on the company. Royal Bank of Canada dropped their target price on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Morgan Stanley dropped their price objective on MongoDB from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Bank of America decreased their target price on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. UBS Group set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the transaction, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock valued at $11,328,869 in the last quarter. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MDB. B.O.S.S. Retirement Advisors LLC bought a new position in shares of MongoDB in the 4th quarter valued at $606,000. Aigen Investment Management LP acquired a new stake in MongoDB in the third quarter valued at about $1,045,000. Geode Capital Management LLC grew its position in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MongoDB during the third quarter worth about $4,366,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after acquiring an additional 7,575 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Up 4.1 %

Shares of MDB opened at $193.05 on Tuesday. MongoDB has a twelve month low of $173.13 and a twelve month high of $387.19. The stock has a market capitalization of $14.38 billion, a P/E ratio of -70.46 and a beta of 1.30. The company has a 50 day moving average of $255.53 and a 200-day moving average of $272.18.

MongoDB (NASDAQ:MDB) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the business posted $0.86 EPS. On average, sell-side analysts anticipate that MongoDB will post -1.78 earnings per share 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.