MongoDB, Inc. (NASDAQ:MDB) Receives $337.56 Consensus PT from Analysts

Shares of MongoDB, Inc. (NASDAQ:MDB) have been assigned an average recommendation of “Moderate Buy” from the twenty-six analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $337.56.

A number of analysts have recently commented on MDB shares. Stifel Nicolaus upped their price target on MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays cut their target price on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Sanford C. Bernstein boosted their price target on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Truist Financial raised their price objective on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Bank of America boosted their target price on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th.

Insider Activity

In related news, Director John Dennis Mcmahon sold 10,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the transaction, the director now directly owns 20,020 shares in the company, valued at $4,564,560. The sale was disclosed in a filing with the SEC, which is available through this link. In other MongoDB news, Director John Dennis Mcmahon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the transaction, the director now owns 20,020 shares of the company’s stock, valued at $4,564,560. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the sale, the director now directly owns 1,146,003 shares of the company’s stock, valued at $280,770,735. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,005 shares of company stock valued at $8,082,746. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new position in shares of MongoDB in the fourth quarter valued at approximately $25,000. MFA Wealth Advisors LLC acquired a new position in MongoDB in the 2nd quarter valued at $25,000. J.Safra Asset Management Corp increased its position in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the period. Quarry LP lifted its holdings 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 buying an additional 129 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in shares of MongoDB in the second quarter valued at about $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Down 1.9 %

Shares of NASDAQ MDB opened at $278.45 on Tuesday. The company’s 50 day simple moving average is $259.06 and its 200 day simple moving average is $297.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm has a market capitalization of $20.42 billion, a P/E ratio of -99.09 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned ($0.63) EPS. On average, analysts predict that MongoDB will post -2.46 EPS for the current 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.