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

MongoDB, Inc. (NASDAQ:MDB) has been given a consensus recommendation of “Moderate Buy” by the twenty-six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $340.29.

Several research analysts have commented on MDB shares. Bank of America boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 30th. JMP Securities reissued a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a report on Friday, August 30th. Sanford C. Bernstein raised their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Wedbush raised MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Mizuho increased their target price on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th.

Insider Activity at MongoDB

In other news, 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 sale, the chief accounting officer now owns 16,222 shares in the company, valued at $4,589,041.58. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $349.17, for a total transaction of $698,340.00. Following the transaction, the director now owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,600 shares of company stock worth $7,442,189 over the last quarter. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the business. Atria Investments Inc increased its stake in MongoDB by 1.2% in the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after buying an additional 39 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after purchasing an additional 40 shares during the period. Taylor Frigon Capital Management LLC increased its position in MongoDB by 0.4% in the second quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company’s stock worth $2,475,000 after buying an additional 42 shares during the last quarter. Tanager Wealth Management LLP lifted its position in shares of MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after buying an additional 43 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of MongoDB by 7.6% during the 2nd quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock worth $155,000 after acquiring an additional 44 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 0.7 %

MDB stock opened at $322.49 on Friday. MongoDB has a 52 week low of $212.74 and a 52 week high of $509.62. The business has a 50-day simple moving average of $283.54 and a 200 day simple moving average of $271.15. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a market cap of $23.82 billion, a PE ratio of -106.78 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.63) EPS. Sell-side analysts anticipate that MongoDB will post -2.37 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.