Analysts Set MongoDB, Inc. (NASDAQ:MDB) Target Price at $337.96

MongoDB, Inc. (NASDAQ:MDB) has received a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twenty have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $337.96.

MDB has been the subject of a number of analyst reports. Oppenheimer increased their price target on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Morgan Stanley upped their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Bank of America upped their price objective on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. JMP Securities restated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Finally, Citigroup upped their price objective on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd.

Insider Transactions at MongoDB

In other news, CFO Michael Lawrence Gordon sold 1,884 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $482,775.00. Following the sale, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at approximately $20,578,668.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Dev Ittycheria sold 3,556 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $911,225.00. Following the transaction, the chief executive officer now directly owns 219,875 shares of the company’s stock, valued at $56,342,968.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,884 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $482,775.00. Following the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $20,578,668.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,896 shares of company stock valued at $4,187,260. Insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new stake in MongoDB in the fourth quarter worth about $25,000. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the second quarter worth about $25,000. J.Safra Asset Management Corp grew its position in shares of MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP grew its position in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of MongoDB during the second quarter worth about $35,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $289.14 on Friday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The stock’s 50 day moving average is $266.49 and its 200-day moving average is $286.66. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of -102.90 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the firm earned ($0.63) earnings per share. MongoDB’s revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts forecast 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.