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

MongoDB, Inc. (NASDAQ:MDB) has received an average rating of “Moderate Buy” from the thirty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $361.00.

MDB has been the topic of several analyst reports. Citigroup increased their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. China Renaissance started coverage on shares of MongoDB in a report on Tuesday. They issued a “buy” rating and a $351.00 price objective on the stock. Barclays cut their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Oppenheimer upped their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Rosenblatt Securities assumed coverage on MongoDB in a report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target on the stock.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $21,510,229.95. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,156 shares of company stock valued at $9,220,473 over the last three months. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

Large investors have recently added to or reduced their stakes in the business. Aigen Investment Management LP acquired a new stake in shares of MongoDB in the 3rd quarter valued at $1,045,000. Geode Capital Management LLC lifted its position in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after buying an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MongoDB during the 3rd quarter worth about $4,366,000. Charles Schwab Investment Management Inc. increased its holdings in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after acquiring an additional 7,575 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of MongoDB in the 2nd quarter valued at approximately $1,860,000. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Performance

NASDAQ MDB opened at $261.86 on Monday. MongoDB has a one year low of $212.74 and a one year high of $509.62. The company has a 50-day simple moving average of $275.02 and a 200-day simple moving average of $268.94. The firm has a market capitalization of $19.50 billion, a PE ratio of -95.57 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. Equities analysts forecast that MongoDB will post -1.79 earnings per share 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.