MongoDB, Inc. (NASDAQ:MDB) Receives $337.96 Average PT from Brokerages

MongoDB, Inc. (NASDAQ:MDB) has been assigned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twenty have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $337.96.

A number of equities analysts recently issued reports on the company. Tigress Financial reduced their target price on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. UBS Group lifted their target price on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company upped their target price on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Stifel Nicolaus lifted their price objective on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Citigroup upped their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the sale, the director now directly owns 1,140,006 shares of the company’s stock, valued at $263,341,386. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now directly owns 1,140,006 shares in the company, valued at $263,341,386. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the transaction, the chief financial officer now owns 80,307 shares in the company, valued at $23,313,925.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,281 shares of company stock valued at $6,310,411 over the last quarter. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in MongoDB by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after buying an additional 194,148 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of MongoDB during the 2nd quarter valued at about $1,860,000. Sycomore Asset Management grew its holdings in shares of MongoDB by 86.4% in the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after purchasing an additional 24,827 shares during the period. Cetera Investment Advisers increased its position in MongoDB by 327.6% during the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock worth $3,899,000 after purchasing an additional 8,330 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in MongoDB by 14.3% during the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after purchasing an additional 551,567 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $278.39 on Friday. MongoDB has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The company has a market cap of $20.42 billion, a PE ratio of -99.07 and a beta of 1.15. The business has a 50-day simple moving average of $268.79 and a two-hundred day simple moving average of $286.09.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. During the same quarter in the previous year, the firm earned ($0.63) EPS. MongoDB’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts expect that MongoDB will post -2.44 EPS for the current fiscal 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.