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

MongoDB, Inc. (NASDAQ:MDB) has received an average recommendation of “Moderate Buy” from the twenty-nine analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $366.14.

A number of brokerages recently weighed in on MDB. UBS Group boosted their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their target price on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Citigroup lifted their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Wedbush raised MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus lifted their target price on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th.

MongoDB Stock Performance

MDB opened at $243.00 on Thursday. MongoDB has a one year low of $212.74 and a one year high of $509.62. The company has a market cap of $18.10 billion, a P/E ratio of -88.69 and a beta of 1.17. The business’s 50-day simple moving average is $289.29 and its 200-day simple moving average is $268.01.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. As a group, analysts predict that MongoDB will post -1.86 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Michael Lawrence Gordon sold 1,884 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $482,775.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at $20,578,668.75. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 154 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,775 shares of company stock worth $9,264,812. Company insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

A number of large investors have recently made changes to their positions in MDB. iA Global Asset Management Inc. boosted its position in MongoDB by 6.3% during the second quarter. iA Global Asset Management Inc. now owns 7,205 shares of the company’s stock worth $1,801,000 after acquiring an additional 424 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MongoDB in the second quarter valued at $41,000. TFB Advisors LLC increased its stake in MongoDB by 14.3% in the second quarter. TFB Advisors LLC now owns 982 shares of the company’s stock valued at $245,000 after purchasing an additional 123 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in MongoDB during the second quarter worth about $35,000. Finally, Banque Cantonale Vaudoise boosted its stake in MongoDB by 119.0% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,148 shares of the company’s stock worth $537,000 after buying an additional 1,167 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.