Brokerages Set MongoDB, Inc. (NASDAQ:MDB) PT at $337.96

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

Several research analysts recently weighed in on the stock. UBS Group upped 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. DA Davidson increased their target price on MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Truist Financial lifted their target price on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Scotiabank upped their price target on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. Finally, Tigress Financial reduced their price objective on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the transaction, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Thomas Bull sold 154 shares of the firm’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 $39,462.50. Following the transaction, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the sale, the director now owns 1,138,006 shares of the company’s stock, valued at $330,476,942.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,281 shares of company stock worth $6,310,411 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC grew its stake in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the last quarter. Swedbank AB grew its position in shares of MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after buying an additional 400,705 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after acquiring an additional 388,979 shares in the last quarter. Clearbridge Investments LLC lifted its position in MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after acquiring an additional 232,101 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in MongoDB in the second quarter valued at approximately $52,131,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

NASDAQ:MDB opened at $278.39 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The stock has a 50-day simple moving average of $268.79 and a two-hundred day simple moving average of $286.09. The firm has a market capitalization of $20.42 billion, a PE ratio of -99.07 and a beta of 1.15. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last released its 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. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the firm posted ($0.63) EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts forecast that MongoDB will post -2.44 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.