MongoDB, Inc. (NASDAQ:MDB) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of MongoDB, Inc. (NASDAQ:MDB) have been given an average rating of “Moderate Buy” by the thirty-one analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $361.00.

Several analysts recently weighed in on MDB shares. Barclays cut their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus increased their target price on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Morgan Stanley upped their price target on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. China Renaissance started coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 target price on the stock. Finally, Tigress Financial raised their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th.

MongoDB Price Performance

NASDAQ:MDB opened at $298.69 on Friday. The stock’s fifty day moving average price is $261.45 and its two-hundred day moving average price is $272.51. The company has a market cap of $22.24 billion, a P/E ratio of -109.01 and a beta of 1.28. MongoDB has a 1 year low of $212.74 and a 1 year high of $459.78.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the firm earned $0.96 earnings per share. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of the 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 transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $281.62, for a total transaction of $281,620.00. Following the sale, the director now directly owns 1,112,006 shares in the company, valued at $313,163,129.72. This trade represents a 0.09 % decrease in their ownership of the stock. 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. Company insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the stock. OneDigital Investment Advisors LLC boosted its stake in MongoDB by 3.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock valued at $243,000 after buying an additional 39 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after purchasing an additional 40 shares during the last quarter. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Avestar Capital LLC boosted its holdings in MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after buying an additional 42 shares in the last quarter. Finally, Tanager Wealth Management LLP increased its holdings in shares of MongoDB by 4.7% in the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after buying an additional 43 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

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.