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

Shares of MongoDB, Inc. (NASDAQ:MDB) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-one ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $361.00.

MDB has been the topic of a number of analyst reports. Loop Capital boosted their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Citigroup boosted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Robert W. Baird boosted their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Scotiabank decreased their price objective on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,094 shares of company stock worth $11,705,293. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

MongoDB Stock Up 0.2 %

MongoDB stock opened at $292.97 on Friday. The company has a market capitalization of $21.82 billion, a PE ratio of -106.92 and a beta of 1.28. The firm has a fifty day simple moving average of $264.56 and a two-hundred day simple moving average of $271.42. MongoDB has a twelve month low of $212.74 and a twelve month high of $488.00.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, equities analysts expect 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.